Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 5 - No. 15)
What is the role of a sleeping partner?
They actively participate in the day to day operations of the business.
They will not participate in the business' management, but they will share in the profit.
They don't have any responsibilities.
They take on all of the business' management.
Explanation
Sleeping partners do not participate in management, but contribute capital and share profits.
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