passwella.
Menu

JAMB Principles of Accounts 2005 Question 34

Question 34

Not-for-Profit Organisations

The not-for-profit-making organizations generate their income mainly from

  1. A.bar sales
  2. B.subscriptions
  3. C.rents
  4. D.pools
Show the answer and explanation

Answer: B (subscriptions)

Explanation

Clubs and societies are financed mainly by their members' subscriptions.