Nonprofit organizations do not use accounting information since they are not concerned about making a profit.

Name: Nonprofit organizations do not use accounting information since they are not concerned about making a profit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Despite not being focused on making a profit, nonprofit organizations still need to keep track of their finances and use accounting information to make informed decisions, manage budgets, and demonstrate accountability to donors and stakeholders.

Nonprofit Organizations Do Not Use Accounting Information Since They Are