A partner who only make capital contribution but doe...
A partner who only make capital contribution but does not take part in the management of the partnership business is a/an
Ordinary partner
Limited partner
Dormant partner
Nominal partner
Correct answer is C
Dormant partner is a partner who contributes capital and 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; They are also called sleeping partner or silent partner.
Which of the following is not prepared by a partnership? ...
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
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Net profit in a business is ...