WAEC Book Keeping 2025 Objective — Question 23
Question 23 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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The main source of capital for a not-for-profit making organisation is:
- A. Ploughed back profit
- B. Shares
- C. SubscriptionsCorrect
- D. Personal savings
Explanation
Not-for-profit organisations rely mainly on members' subscriptions as their main source of funds, since they do not trade for profit or issue shares.
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