A non-profit-making organization differs from a profit-making one in that?

Accounts - Principles of Accounts JAMB 1998

A non-profit-making organization differs from a profit-making one in that?

  • it does not earn income
  • proceeds from sale of shares form part of its income
  • all its income is committed
  • annual subscriptions and levies form part of its income checkmark

The correct answer is: D

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