Journal entry of share received ( Profit received ) From Partnership
This query is : Resolved
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.
And also Dividend received from Pvt. Ltd. Company ( Not listed) How to make journal entry of his books of accounts.
20 August 2023
1. XYZ Company - Dr
Profit from XYZ Company business - Cr
2. Bank Account - Dr
Dividend income from XYZ Company - Cr
Profit from XYZ Company business - Cr
2. Bank Account - Dr
Dividend income from XYZ Company - Cr
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