Difference between non profit concern and non trading concern
Asked by admin @ in Accountancy viewed by 551 People
Distinction between non-profit concern and non-trading concern
Answered by admin @
Non-profit concern:
A non-profit organization (NPO) is one that is not compelled by profit but by devotion to a given cause that is the target of all income beyond what it takes to run the organization.
Non-trading concern:
The concerns whose main objects are not to earn profit but render valuable services to its members and to the society are recognized as non-trading concerns.
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