Accounting JAMB

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

A. Entrance fees
B. subscription/dues
C. ordinary shares
D. Donations

Correct Answer:

Option C – ordinary shares

Explanation

Ordinary shares: This type of source of income is only used in a profit-oriented organization to generate fund from the pubic so as to enable the organization to make more profit at the end of a specified period

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