Which of the following is true about a 'Not-for-Profit Organ... — Accountancy 2026

Question 41 Accountancy 2026 Medium MCQ +4.00 marks

Which of the following is true about a 'Not-for-Profit Organisation'?

A. Its main objective is to earn profit B. Its main objective is to provide service to members/society C. It cannot maintain accounts D. It distributes profits to shareholders

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