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WAEC Financial Accounting 2021 Question 22

Question 22

Not-for-Profit Organisations

Commercial activities undertaken by a social club to raise funds include

  1. A.donation.
  2. B.bar.
  3. C.grant.
  4. D.subscription.
Show the answer and explanation

Answer: B (bar.)

Explanation

Running a bar is a trading (commercial) activity; the others are not trading.