Divyansh kumar

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12th Class Chapter No 2 - Accounting of Non profit Organisation in Accounts for CBSE NCERT

Nonprofit organizations operate in the same manner as for-profit businesses when it comes to finances. Both spend money to operate efficiently and have streams of income to keep the products, programs and services operational. The main difference is that nonprofit organizations reinvest the income into the programs and services they offer. Financial statements for nonprofit organizations must show all incoming and outgoing funding to demonstrate how the nonprofit operates.
Posted in 12th on August 22 2019 at 02:58 PM

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