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Explain the main forms of business ownership and list advantages and disadvantages of each Not-for-profit organisations are not interested in making a profit. Is this

  1. Explain the main forms of business ownership and list advantages and disadvantages of each
  2. Not-for-profit organisations are not interested in making a profit.
    1. Is this statement true? and why?
    2. Does accounting and finance have a less important role to play in not-for-profit organisations than for business? why?
  3. What is meant by the term faithful representation? Why is this quality important to an investor?

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