Question

write four items relating to not for profit organisation​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

Basis Non fund based Accounting

3) Economic interest Owners have economic interest in the form of profit.

4) Account ability Accountability is towards all stock holders, viz, owners creditors, government regulations etc.

5)Usual earnings The result of matching of revenue and expenses may either be profit or loss.

Explanation:

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