Professional Documents
Culture Documents
Non-trading concern
54. Non-trading concern:
Non-trading concern is a legal organization, which is formed to provide social benefit to
its members as well as public without any profit-earning motive.
55. Trading concern:
Trading concern is a legal organization, which is formed for earning profit by running a
legal business.
Difference:
Non-trading concern Trading concern
Non-trading concern is a legal organization, Trading concern is a legal organization, which
which is formed to provide social benefit to its is formed for earning profit by running a legal
members as well as public without any profit- business.
earning motive.