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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
The Not-for-profit organisations is that organisation which did not do their work for earning profit rather than its main objective is to do work to achieve a specific goal for the welfare of society or its members. This is also known as non-profit organisations.
The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee.
Examples: –
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Check out T.S. Grewal Book Keeping +2 @ Official Website of Sultan Chand Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Chapter No. 1 - Financial Statement of Not-For-Profit Organisations", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Academic Subjects.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Chapter No. 1 - Financial Statement of Not-For-Profit Organisations" instantly.