SILENT PARTNERSHIP Definition

Bookmark and Share

SILENT PARTNERSHIP is the relation of partnership sustained by a person who furnishes capital only, i.e., the partner is not involved in the day-to-day operations or decisions of the entity.

Learn new Accounting Terms

AUDIT TRAIL is a step-by-step record by which financial, business, and quality assurance data can be traced to its source. For example: checking the validity of an accounting entry through the step-by-step record by which accounting data can be traced to their source.

ABSORBED COSTS incorporates both variable and fixed costs.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.