Chapter No. 1 – Accounts of Non-Profit Organisations – Unimax Publications Class +2 – Solution

Meaning of Not-for-Profit Organisations: –

Not-for-profit organisations are that organisations that did not do their work to earn profit rather than their main objective are to do work to achieve a specific goal for society’s welfare or its members. These are also known as non-profit organisations.

The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee. 

The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee. 

Examples: –

• Charitable Hospital
• Charitable School, College or Educational Institutions
• Particulars Club of any Society, Colony or city
• Gurudwaras, Temple, Church and Masjids

Check out the full article: –

Not-for-Profit Organisations – Meaning and Overview

Chapter No. 1 – Accounts of Non-Profit Organisations – Unimax Publications Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 1 – Accounts of Non-Profit Organisations – Unimax Publications Class +2 – Solutions are shown below: –