distinction between non profit concern and non trading concern
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Distinction between non profit concern and non trading concern
Non-profit concern :- The main aim non-profit organizations to serve the service in society.They are working on the benefit of the society as a whole.the separate entity concept is equally applicable for non-profit organization.Such organization are treated as separate entity from its members.In simple we can say non-profit organization mainly work for society without any profit.These type of concern such as 'shri sai kirtan mandli' and 'shri sanatan dharam Ramleela committee' etc
Non-trading concern:- The main objective of these concern is to provide to goods and service for society that fulfill the society needs.This is basically non-profit making institution,for well being of society.The main sources income of these type of concern such as donations, municipals grants etc.