Accountancy, asked by gautammamta62626, 2 months ago

difference between not for profit organisation and profit earning organisation (businesses firm)? ​

Answers

Answered by honeyprasuna1
0

Answer:

Non-profit organizations have no owners. ... While for-profit organizations are responsible for paying taxes based on their net income, nonprofit organizations are exempt from paying income tax.

Answered by anaa6
0

Answer:

A for-profit can raise money from private investors, for which it must give equity or dividends to shareholders; ultimately, a return on investment is expected. A nonprofit, on the other hand, can seek donations from individuals, foundations and corporations.

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