Question

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

Answer 1

Answer:

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. Funds are contributed by the proprietors in the form of capital in profitable concern

Answer 2

• 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. ... We get net profit or net loss from the profitable organization. We get surplus or deficit from the non-trading organization.