Accountancy, asked by PragyaTbia, 1 year ago

What do you mean by 'Not for Profit' concern? (Answer in one sentence)

Answers

Answered by isakshi243
4

a type of organisation which doesn't provide profits to their owners from he money the have earned.


Answered by Anonymous
0
Answer :-

=) It is shortsighted to expect that any association that does not seek after profit as a goal is a not-for-profit association. This is a mistaken suspicion, the same number of such associations do make a profit each year and clearly incorporate this in their formal designs.

The money earned by or donated to a not-for-profit organization is used in pursuing the organization's objectives .

Not-for-profit associations are recognized from profit amplifying associations by three attributes .
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