Non-profit versus for-profit organizations


Question: If the beneficiary is predominantly the public, then the organization most likely would be a non-profit organization. And if the beneficiary is predominantly the owners of the company, then the organization most likely would be a for-profit organization. Another difference that separates the two is that one distributes excess funds by sharing the funds with those within the organization, while the other does not.

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Accounting Basics: Non-profit versus for-profit organizations
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