non trading institutions prepare for what
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Non-trading organizations do not exist to make a profit but instead to provide voluntary services to its members and the public. Some examples of non-trading organizations are:
· Charities and Societies i.e. The Red Cross Society
· Sporting Clubs
· Social Clubs
· School Clubs
Since this type of organization does not trade for a profit, they get their sources of income from:
· Government grants
· Donations from the public and private sectors
· Fund raising activities i.e. raffles, fairs, dance, competitions etc.
· Subscription/Membership dues
· Rental of facilities and equipments
· Competition fees/Competition entry fees
· Gain on the sale of fixed asset
· Charities and Societies i.e. The Red Cross Society
· Sporting Clubs
· Social Clubs
· School Clubs
Since this type of organization does not trade for a profit, they get their sources of income from:
· Government grants
· Donations from the public and private sectors
· Fund raising activities i.e. raffles, fairs, dance, competitions etc.
· Subscription/Membership dues
· Rental of facilities and equipments
· Competition fees/Competition entry fees
· Gain on the sale of fixed asset
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