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What is meant by a Not For Profit Organisation? - Accountancy

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What is meant by a Not For Profit Organisation?

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उत्तर

Not-for-Profit Organisations refer to the organisations that are used for the welfare of society and are set up as charitable institutions which function without any profit motive. Their main aim is to provide service to a specific group or the public at large. These organisations are called not for Profit Organisations.

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