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Journal entry of share received ( Profit received ) From Partnership

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(Querist)
01 April 2023 How to make journal entry of Profit received by a partner from partnership firm in his books of accounts.
And also Dividend received from Pvt. Ltd. Company ( Not listed) How to make journal entry of his books of accounts.
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
20 August 2023 1. XYZ Company - Dr
Profit from XYZ Company business - Cr

2. Bank Account - Dr
Dividend income from XYZ Company - Cr

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