Question

The control of non trading concern rest in the hand of

Answer 1

Answer:

Non-trading Concerns: The control and management of non-trading concerns rest in the hands of trustees, governing body and committee of management. ... Non-trading Concerns: The accounts of non-trading concerns are also maintained according to the double entry system of accounting

Answer 2

Answer:

The control of non-trading concerns rests in the hand of trustees.

Explanation:

• Non-trading concerns: Non-trading concerns are individuals or institutions that engage in activities other than trading.
• Non-trading businesses' principal goal is to supply commodities or services that meet a social need.
• There is no profit incentive or hope of generating a profit.
• The board of trustees, who came together to form the organisation in the first place, are responsible for the management and control of a non-trading business.

Hence, trustees are in charge of non-trading concerns.

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