Accountancy, asked by PragyaTbia, 1 year ago

A partner who provides only capital to the firm is called as ________. (Fill in the blank by choosing correct option)
a) active
b) nominal
c) sleeping
d) minor

Answers

Answered by Anonymous

YES...

IS THIS PARTNER IS KNOWN AS...

NOMINAL PARTNER

Answered by MotiSani

Answer:

The answer to the given question is option (c), sleeping partner.

Explanation:

A sleeping partner is also known as a silent partner or limited partner due to the reason that his liability is limited only till providing capital to the firm.

The name sleeping or silent partner is provided because he doesn't remain active in any kind of works in the firm. He just provides the firm with capital and doesn't do any kind of managerial work.

Previous Question

Next Question

Similar questions

Math, 6 months ago

Divide (2x²-x+3) by (2-x) and write quotient and remainder.

Math, 6 months ago

what must be subtracted from y⁴+2y²-3y+7 to get y³+y²-y-1...

Science, 6 months ago

Two students while sitting across a table looked down on to its top surface they noticed that they could see their and each others image. The table top is likely to be made up of a. Wood top covered with cloth b. Red stone c. Metal surface d. Unpolished wood surface...

Physics, 1 year ago

please answer this question...

Accountancy, 1 year ago