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Can a npo earn profit? If …

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Can a npo earn profit? If yes what is done to that profit?

    • Posted by Gopal Maheshwari 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Sakshi Jain 6 years, 10 months ago

    There is no profit and loss Account so how they able to earn profit but they have income and expenditure Account so they able to earn surplus insead of profit...

    0Thank You

    Manav Gupta 6 years, 10 months ago

    It is not actually profit surplus is a better word to be used in this case using profit may lead to deduction in marks

    1Thank You

    Ayush Bafna 6 years, 10 months ago

    They can earn profits . These are transfer to Capital fund

    1Thank You

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