(i)Orientation (ii) Entity (iii)Legal status (iv)Finance. Which of the characteristics above distinguishes a profit-making from…

Accounts - Principles of Accounts JAMB 2002

(i)Orientation (ii) Entity (iii)Legal status
(iv)Finance.
Which of the characteristics above distinguishes a profit-making from a not-for-profit-making organizations?

  • i, ii, iii and iv
  • i, ii, and iii
  • ii, and iii checkmark
  • i and ii

The correct answer is: C

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