Question on: JAMB Accounting - 2023
One of the options below is not the source of income for non - profit organization
ordinary shares
donations
subscription/dues
entrance fees
Non-profit organizations are typically established for purposes other than making a profit for their owners or shareholders. They rely on various sources of income to fund their activities and achieve their charitable or social objectives.
Donations: Non-profits often receive financial support from individuals, corporations, and foundations in the form of charitable donations.
Subscription/dues: Non-profit organizations may charge their members regular fees or dues to sustain their operations.
Entrance fees: Some non-profits charge entrance fees for events, programs, or memberships.
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