Answer:B Â exist to benefit a cause but not to make a profit.
Explanation:
They are to provide services which are useful to the members of the society at large. Â They exist to promote the interest of members of the public which are social in nature. Â With a view to ensure the smooth running of the organisation some individuals are elected to run the organisation in the position of chairman, secretary, and treasurer. Â They do prepare receipt and payment account which is similar to cash account while some do prepare income and expenditure account which is similar to profit and loss account.