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Accountancy · 2022 · 2 marks
Accounting for Not-for-Profit OrganisationMeaning and Characteristics of Not-for-Profit Organisation2 marksvery short answer
CBSE 2022 · Region 3 · Set 1 · Q1
What is meant by a 'NotForProfit Organisation 9
What is meant by a 'NotForProfit Organisation $\displaystyle 9$
Marking-scheme solution
Not-for-profit organization is the organization that is used for the welfare
of the society and is set up as a charitable institution which functions without any
profit motive.
(Any other correct meaning)
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.