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Profit organisations are dedicated to making money for businesses to continue to operate. These types of organisations include restaurants, retail stores and real estate agencies.
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∙ 10y ago
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how does income and expenses account difference from Profit and Loss Account?
Income and expense for not for profit organisations is same as profit and loss account but they cannot use the name profit and loss account because not for profit organisations are not formed to earn profit.
Where are surplus shown in balance sheet?
With non-profit organisations, when the balance sheet doesn't show a loss, but what would be classified a profit for profit organisations, it is called a surplus. When it is what would be considered a loss for profit organisations, it is called a deficit.
What is profit seeking organization?
Some organisations,such as companies and partnerships, see their main objective as maximising the wealth of their owners. Such organisations are often referred to as 'profit - seeking'
What are political and non profit making organisations?
dog
If I resell dedicated servers, what kind of profit margin can I expect?
You can expect as break even scenario. There is no profit in reselling a dedicated server.
Explain how the marketing concept can be applied in non profit organisations?
Explain how the marketing concept can be applied in non profit organization?
What are the roles of religious organisations as non profit organisations in society?
They give shelter to the homeless, feed the hungry & minister to inmates & hospital patients.
What do you mean by profit making organisations?
For profit organizations that exist to make money as opposed to non profits who exist to meet a community need.
Why are profit and not-for-profit organisations different?
Profit organisation are generally those who want to make money eg: industrial companies such as builders. Not for profit organisations are those that serve the community or are helping something or people. eg: World Vision is a not for profit organisation. All the money they receive from fundraising goes to the kids in Africa. This is the same as Zoo's. The fares you pay for entrance is for the food and the upkeep of the animal enclosures.
What is the quinary sector?
It is the fifth sector that maybe dependant from the other four industrial sectors(primary,secondary,tertaiary)which may be higher up in organisations i.e. government and not for profit organisations.
Can a debt attorney provide assistance with credit card relief?
Yes a debt attorney can provide assistance in assessing and negotiating credit card payment and relief of your debts. Information and guidance can also be sought by non-profit organisations such as mediation and counselling, or for profit organisations such as a bankruptcy lawyer.
Aims of a voluntary sector business?
The voluntary sector consists mainly of non-profit organisations like charities so you can instantly conclude that they don't exist to make profit.
