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Excess of expenditure over income of a Non-profit organisation is termed
  • a)
    Loss
  • b)
    Profit
  • c)
    Surplus
  • d)
    Deficit
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Excess of expenditure over income of a Non-profit organisation is term...
A NPO does not work for profit they are not termed as profit and loss
So words surplus and deficit are words used in NPOS
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Excess of expenditure over income of a Non-profit organisation is termeda)Lossb)Profitc)Surplusd)DeficitCorrect answer is option 'D'. Can you explain this answer?
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