# 68. Naveen, Qadir and Rajesh were partners doing an electronic goods busitess in Uttarakhand. After the accounts of partnership were drawn up and closed, it was discoods business in Uttarakhand. After the allowed to partners @ 6\% p.a. for the years ending close, it was discovered that interest on capital has been for interest on capital in the Partnership Deed 31st March, 2017 and 2018, although there is no provision salary of $₹ 3,500$ and $₹ 4,000$ per quarter respectively, which hand, Naveen and Qadir were entitled to a fixed capitals were $₹ 4,00,000$, ₹ $₹ 3,60,000$ and $₹ 2,40,000$ respectively. During the last two years they had shared the profits and losses as follows: shared the profits and losses as follows: Year Ended 31st March, 2017 Ratio 31st March, 2018

68. Naveen, Qadir and Rajesh were partners doing an electronic goods busitess in Uttarakhand. After the accounts of partnership were drawn up and closed, it was discoods business in Uttarakhand. After the allowed to partners @ 6\% p.a. for the years ending close, it was discovered that interest on capital has been for interest on capital in the Partnership Deed 31st March, 2017 and 2018, although there is no provision salary of $₹ 3,500$ and $₹ 4,000$ per quarter respectively, which hand, Naveen and Qadir were entitled to a fixed capitals were $₹ 4,00,000$, ₹ $₹ 3,60,000$ and $₹ 2,40,000$ respectively. During the last two years they had shared the profits and losses as follows: shared the profits and losses as follows: Year Ended 31st March, 2017 Ratio 31st March, 2018 $3: 2: 1$ $5: 3: 2$ Pass necessary adjusting entry for the above adjustments in the books of the firm on 1st April, 2018. Show your workings clearly. (CBSE 2019)