Question

Distinction between non-profit concern and non-trading concern​

Answer 1

Non-profit concern:

A non-profit organization (NPO) is one that is not compelled by profit but by devotion to a given cause that is the target of all income beyond what it takes to run the organization.  

Non-trading concern:

The concerns whose main objects are not to earn profit but render valuable services to its members and to the society are recognized as non-trading concerns.

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Answer 2

Non-profit concern and Non-trading concern​

• The main motive profitable concern is to earn profit. The main motive of the non-trading concern is to render service to members and family.
• Profitable concern deals with trading and manufacturing activities. Non-trading concern offer services to hospitals, education institution and charitable institutions
• Funds are contributed by the proprietors in the form of capital in profitable concern. Funds are raised by means of donation, subscriptions and surplus in non-trading concern.
• We get net profit or net loss from the profitable organization. We get surplus or deficit from the non-trading organization.

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Distinction between non profit concern and non trading concern

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