Question

Define sleeping and active partners......

Answer 1

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.

Answer 2

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 .

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