Question: Which statement is not true for not - for - profit entities? Their purpose is not to provide goods and survices for profit. They use

Which statement is not true for not-for-profit entities?
Their purpose is not to provide goods and survices for profit.
They use the modified accrual appromith for foorting
They may be governmental or private.
Which statement is not true for not - for -

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!