Examlex
Which of the following is an example of a not-for-profit organization that would use marketing principles?
Cash Basis
Cash basis is an accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.
Accounting Period
A specific time period at the end of which an entity prepares financial statements to assess its financial performance and position.
Budgeting
The process of creating a plan to spend your money, allocating the estimated income towards various categories of expenses.
Financial Statements
Summary reports that convey the financial activities and condition of a business or individual.
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