The loss made by a non profit making organization is called
FINANCIAL
JAMB 2015
The loss made by a non profit making organization is called
- A. deficit
- B. surplus
- C. discount
- D. shortage
Correct Answer: A. deficit
Explanation
A deficit occurs for a nonprofit organization whenever its expenses exceed its revenue . deficit in a non for profit making organization stands for loss and it is the excess of expenses over bar profit and other income.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *