The partnership accounts of A and B, sharing profits in the ratio of 3 : 2, were maintained on cash basis right from its formation. Now, the partners decided for change into mercantile basis with retrospective effect. Following details are given in this respect (all in ₹). Pass the required journal entry.

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Rent outstanding Salaries paid in advance Prepaid insurance premium Outstanding insurance premium 2015 5,000 3,000 3,500 2016 4,000 2,000 2,500 2017 6,000 4,000 2,000