the accounts of non trading concerns explanation
Answers
Answer:
Non-trading concerns or Non-profit making organizations are those which exist for the benefit of the community on to supply a service to their members and not for the purpose of trading with a view to making profit. Such organizations are called Non-Trading Concerns. Some Non-Trading Concerns are civil hospitals, Govt
Answer:
Non-trading concerns are simply non-profit making entities that exist solely for the betterment of the society by providing quality services. Unlike trading concerns that sell goods and services to earn profit, the non-trading concerns accept donations and receipts from the general public, corporate entities and government to run its operations. Some of the common examples of non-trading concerns are as follows:
Orphanages
Sports clubs
Civil hospitals
Libraries
Charities
Government owned educational institutions
Civil Hospitals