Question

explain -a)dormant partner b)Active partner​

Answer 1

Explanation:

a) dormant partner : Dormant partner a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; -- called also sleeping partnerorsilent partner.

b) Active partner : An active partner helps run the business to enhance his or her returns and is therefore considered a material participant. This person typically shares more risk and return versus a limited or silent partner.