![]() ![]() ![]() The funds raised by such organisations are credited to capital fund or general.Normally, they do not manufacture, purchase or sell goods and may not have credit Hence they need not maintain many books of account (as the trading concerns do). ![]() Their main aim is to provide service to a specific group or the public at large.Important Points to Understand and Remember The examples of such organisations are: Gymkhana/sports clubs Educational institutions Public hospitals Libraries Cultural clubs like Rotary or Lions club Religious institutions Charitable trusts These are also called as non- trading entities. These services are generally given to members who make subscriptions to avail them. There are certain organisations that are not established for making a profit but to provide some service. ![]()
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