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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Who is a Sleeping partner? - Commerce

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Question

Who is a Sleeping partner?

One Line Answer

Solution

Such a partner contributes capital and shares in the profits or losses of the firm but does not take part in the management of the business.

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Types of Partners
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Chapter 5: Hindu Undivided Family and Partnership - Exercises [Page 45]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 5 Hindu Undivided Family and Partnership
Exercises | Q II. 4. | Page 45
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