Accountancy Class 12

Not-for-Profit organisations are established to for the welfare of the society and not with the motive of earning any profits. But this does not mean that they are not required to prepare proper accounting records. To comply with the regulation of filing accounting records/ financial statements with the Registrar of Society and to ensure proper … Read more

Not for profit Organisation, are those organizations, that are established to work for the benefit of the society, or for promoting art and culture. Their main objective is to serve the society and earn profit in the due course. Thus, unlike other organizations they are not guided by the profit motive but earning profit is … Read more