Question

What are the significant sources of income for not-for-profit-organization?

Options

• Subscriptions from their member

• Donations

• Grants-in-aid & income from investments

• All of the above

Answer 1

All of the above

Explanation:

Such organizations' funds are credited to the capital funds or general fund. Subscriptions from member donations, grants-in-aid, investment revenue, and so on are usually the main sources of their funding. The major goal of keeping records in such organizations is to comply with legal requirements and to aid them in exercising control over their funds' use.