difference between trading and non trading concern
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Answer:
Trading Concerns: The net income or profit earned during a trading period is distributed among the partners or shareholders. Non-trading Concerns: The excess of income over expenditure is not distributed but is used to fulfill the needs of the concerns.
Trading Concern is an entity that derives its products for sale, thereby revenue, through purchasing products for sale from other producers / manufacturers for resale to their customer base.
Nontrading Concerns are Individuals or institutions with activities other than trade are known as non-trading concerns. Examples of nontrading concerns are clubs, hospitals, libraries, colleges, athletic clubs etc.
Explanation:
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