Question

In: Accounting

which of the following is not for profit acitivity (hobby) Except? advertizing work related education costs...

which of the following is not for profit acitivity (hobby) Except?

advertizing

work related education costs

liability and property insurance for business

health insurance for sole propritor

Solutions

Expert Solution

Correct option is"A"

Since all other options given is either to gain knowledge (option b) or to cover risk(option c and d) and not to earn profit or make money

Doing advertisment is to attract customers and earn profit so it is for business purpose


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