Question

Two newly qualified doctors set up clinic for equal share. They charge consulting fee from
each patient @ 500 per visit. At the same time, they give free consultation to patients
who cannot pay their fees,
Can this set up be termed as Not-for-Profit Organisation? Why?​

Answer 1

Answer:N/A Solution:No this set-up cannot be termed as Not-for -Profit Organisation since it is set-up with the purpose to earn profit it is only that a some of the patients are examined free of cost.