Question

what is not for profit organization......Explain its features,merits and demerits​

Answer 1

Answer:

non for profit organisation means whose motive is not to earn profit but to serve the public

Answer 2

Answer:

It is a organisation which are set up for the welfare of the society or for the promotion of art and culture in the society

Features:

1. providing service
2. Charitable Trust
3. Executive committee
4. Source of income
5. General fund
6. Surplus
7. Welfare of the society
8. Accounting information

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