The main object of non profit organisation is mdash ........

General Accounting Principles Not for profit organisation

The main object of non-profit organisation is—

To earn the Profit

To Serve the Society

To Prepare Profit & Loss A/c

All of the above

- Option 1: To earn the Profit

- Non-profit organizations do not focus on earning profits.

- Their earnings are reinvested in their core mission.

- Option 2: To Serve the Society

- The primary objective is to benefit the community or support a cause.

- Examples include charities, educational foundations, etc.

- Option 3: To Prepare Profit & Loss A/c

- Non-profits may prepare financial statements, but their focus is not on profit-making.

- Accounting is mostly for transparency and accountability.

- Option 4: All of the above

- This is incorrect since non-profits do not aim to earn profits like traditional businesses.

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