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In Governmental and Non-profit Accounting, what transactions would led to business-type activities have to owe governmental...

In Governmental and Non-profit Accounting, what transactions would led to business-type activities have to owe governmental activities?
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Answer #1

There are certain activities in Governmental and Non-profit Accounting that certain transactions would led to business-type activities have to owe governmental activities are :

  • Activities which shows huge profitability.
  • One which are done only out of profits.
  • Activities showing certain transactions which are out of non-profits.

Governmental and non-profit organizations are not interested in having profits, but rather providing goods and services to public at the least costs.

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