1.

Give any two differences between trading organisations and non-trading organisations.

Answer»
Base of DifferenceTrade OrganisationsNon-Trade Organisations
Distribution of profitProfit or loss is distributed among the owner of the business.Surplus or deficit is not distributed among its members. It is adjusted in capital fund.
Surplus v/s ProfitThe net result shown by profit and loss account is either net profit or net loss.The net result shown by Income and expenditure account either surplus or deficit.



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