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.
• 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.

Hope it helps!