Define sleeping and active partners......
Answers
Answered by
2
Sleeping Partners : Some partners provide only the finance, but do not take part in the running of the business. Such partners are called sleeping partners.
Active Partners : Active partner is that who not only invests capital but looks after the activities of the business. Active partner always receives profits and a fixed salary for managing the business.
Answered by
0
Answer:
Sleeping partners:-
are also called as dormant partners .they do not take part in running business so they are called as sleeping partners .
Active partners :-
Active partners is that who not oy invests the capital but looks after the activities of the business.They always receives the fixed salary for managing their business .
°•●○hope it helps you °•●○
Similar questions