Question

what is the Reasonof adopting cash system by non trading
concern​

Answer 1

Explanation:

Individuals or institutions with activities other than trade are known as non-trading concerns. Examples of nontrading concerns are clubs, hospitals, libraries, colleges, athletic clubs etc.

These institutions are started not for carrying on a business and making a profit but for some charitable, religious or similar purpose. Their income, which is derived from donations, subscriptions, entrances fees etc., is spent on the objects for which they are started

Answer 2

Question :-↩️

what is the Reasonof adopting cash system by non trading

concern

Answer :-↩️

The non-trading concerns also maintain a ledger containing the accounts of all incomes, expenses, assets and liabilities. This facilitates the preparation of final accounts at the end of the accounting

year.

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