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One of the options below is not the source of income for non - profit...

Accounts - Principles of Accounts
JAMB 2023

One of the options below is not the source of income for non - profit organization

  • A. ordinary shares
  • B. donations
  • C. subscription/dues
  • D. entrance fees
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Correct Answer: Option C
Explanation

Subscription is the contribution made by the members to the club or society at regular intervals. It can be paid by members in advance or in arrears.


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995