yes..according to syllabus issued by CBSE...NPO is coming in exam!!
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
for this answer, I have used "ULTIMATE BOOK OF ACCOUNTANCY"Ans : Gross Profit is Total Profit earned by a business.... whereas profit means net profit,it means .. Gross Profit - Indirect expenses + indirect incomes = profit or net profitFor more detail .. please see... "ULTIMATE BOOK OF ACCOUNTANCY" published by vishvas publications....
Archive - non-profit publishing organisation - was created in 2009.
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i think that it is a profit organisation as they make money out of what they do such as own brands etc
are the group of people provide goods and services in exchange of money or to get profit
It is an organization that exists to serve a purpose as opposed to make money.
To promulgate the organisation's interest whether those are profit or non profit making interests.
he is responsible for the overall profit planning of the organisation
It is an agency that exists to serve a purpose in the community, rather than to make money.
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit