(i)Orientation (ii) Entity (iii)Legal status (iv)Finance. Which of the characteristics above distinguishes a profit-making from a not-for-profit-making organizations?

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(i)Orientation (ii) Entity (iii)Legal status (iv)Finance. Which of the characteristics ...

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Accounts - Principles of Accounts Classroom
Jamb
Jamb 2002
Accounts Of Not-For-Profit-Making Organizations
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(i)Orientation (ii) Entity (iii)Legal status
(iv)Finance.
Which of the characteristics above distinguishes a profit-making from a not-for-profit-making organizations?

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A I, ii, iii and iv
B I, ii, and iii
C Ii, and iii
D I and ii

Correct Answer: Option C

Explanation:

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(i)Orientation (ii) Entity (iii)Legal status (iv)Finance. Which of the characteristics ...

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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