What is meaning of sleeping partners in accounts?
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Sleeping partners are those partners which donot take active part in any work or job but
1. he is able to get share of profit
2. he also contribute share of capital in business
1. he is able to get share of profit
2. he also contribute share of capital in business
Answered by
2
sleeping partner a partner in a PARTNERSHIP who contributes capital to finance the business but takes no active part in managing the company. Sleeping partners still retain unlimited liability for the debts of the partnership alongside active partners.
Hope its helpful..!!!!!!!!!!
Hope its helpful..!!!!!!!!!!
sujiritha95:
pls mark it as brainliest answer
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