How to pass the entry of profit sharing between two proprietor's in a firm ?

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Ans.1

First Create Profit & Loss ledger with under group indirect income

Second Create both Proprietor's Ledger with under group Capital A/C

Now make entry by follow below steps :

Go to Accounts > Voucher > Journal > Both Proprietor's are Dr. > Profit & Loss A/C is Cr. > Save

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