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in Class 12 by kratos

Give TWO Distinctions between a “Not-for-Profit Organization and a “Trading Organization.

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+1 vote
by kratos
 
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Difference Between Not-for-Profit Organization and Trading Organization

| S. No. | Basis | Not for Profit Organization | Trading Organization |
| 1. | Purpose | The main purpose of these type of organizations is to provide Services to a Specific Group or Public in general | The main purpose of these type of organizations is to earn more and more profits . |
| 2. | Proprietorship | Subscribers to the organization are members of the organization | Individual or Group of Individuals who have taken risk of carrying the business are the Partners. |
| 3. | Profit /Surplus | Profit in case of Not-for Profit organization is called Surplus . | The amount earned after charging All Expenses and Losses is called Profit |

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