Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:
Which of the following is an example of not-for -profit organisation?
Options:
Corporations
Charitable Hospitals
Insurance Companies
Audit Firm
Correct Answer:
Charitable Hospitals
Explanation:
Not-for -Profit organisations refer to the organisations that are used for the welfare of the society and public. e.g. charitable institutions which function without any profit motive.