difference between non profit concern and non trading concern


questioned by administrator @ in Accountancy viewed by 158 People


Distinction between non-profit concern and non-trading concern​

Answered by administrator @



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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