NECO Book Keeping 2015 Objective — Question 23
Question 23 of 40 from the National Examinations Council (NECO) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
Advertisement
The main source of capital for a not-for-profit making organization is
- A. donationsCorrect
- B. bank loans
- C. issue of shares
- D. trading profit
Explanation
Donations are typically the main source of capital/funding for not-for-profit making organizations.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.