Explain any TWO of the sources of income to a non-profit making concern. – NABTEB QUESTION

Subscriptions: These are the amount that a club asks its members to pay for a specific period of time.

Donations: This refers to the money received from different people by a club.

Sales of Tickets: This is the amount collected as entrance fees from people who attend social engagements organized by the club.

Sale of Drinks: This refers to the profit that a club realizes from the sales of deinks during a concert party.

Loan: This refers to the amount which a club borrows from banks for a specific purpose.