BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is a major source of income for Non-profit organisation
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Subscription
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Admission fee
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Life members fee
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Donation
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Explanation:
Detailed explanation-1: -The main sources of their income are subscriptions from members, donations, financial assistance from government and income from investments. Most of their transactions are in cash or through the bank.
Detailed explanation-2: -Subscription is the primary source of income for not for profit organisation.
Detailed explanation-3: -Source of Income: The major sources of income of not-for-profit organisations are subscriptions, donations, government grants, legacies, income from investments, etc.
There is 1 question to complete.