Share
Explore BrainMass

Not-for-profits activities vs. Governments Operations

How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops, and admission fees?

Solution Preview

The term 'non-profit organization' does not mean that it is prohibited from generating profit. Any non-profit organizations can generate income from various economic activities such as business-type activities, such as dining halls, gift shops, and admission fees. The difference is that any income that these organizations generate go back to their operations to sustain and defray their daily activities.

Another thing is that a ...

Solution Summary

The solution differentiates not-for-profits activities from governments operations.

$2.19