A partner who only make capital contribution bu... - WAEC Accounting 2012 Question
A partner who only make capital contribution but does not take part in the management of the partnership business is a/an
A
ordinary partner
B
limited partner
C
dormant partner
D
nominal partner
correct option: 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.
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