Question

Give any three example of non profit organisation

Answer 1

ANSWER :

Three examples of Non Profit Organizations are :-

• ➮ Government Hospital

• ➮ Government Educational Institutions

• ➮ Religious Trust

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KNOW MORE :

❒ Non Profit organisations :-

• ✎ Non Profit Organizations are the organisations which are established not to earning profit, but for providing services to its member and the society.

• ✎ Non Profit Organisations are also known as Not-for-profit concerns or non-profit-seeking organisations or Not-for-profit organisations.

• ✎ Non Profit Organisations get its funds from the member of the organization as subscription and also from the public as donation.

• ✎ Non Profit Organisations prepare Receipts and Payments Account, Income and Expenditure Account and Balance Sheet for recording transactions in the books of accounts.

❒ Features of Non Profit Organisations :-

• ✎ Non Profit Organisations are voluntary associations of some persons.

• ✎ Non Profit Organisations are carried on for non-profit motive.

• ✎ Non Profit Organisations are established with the objective of rendering services to its members as well as to the society.

• ✎ Non Profit Organisations have separate entity other than its members.