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NPO definition?

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NPO definition?

Posted by Kalash Maan 3 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 3 years, 6 months ago

NPO or Not for Profit Organisation, also renowned as a non-business organisation or nonprofit establishment is staunched to a certain social principle or prescribing for a shared point of view. According to economic terms, it is an establishment that utilises its surfeit of the revenues to additionally attain its ultimate aim, rather than allocating its income to the entity’s leaders, shareholders or members.

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