CBSE 2025 · Region 1 · Set 1 · Q16

Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 4$ : 1. On 1st April $\displaystyle 2024$, they decided to admit Samir as a new partner. The new profit sharing ratio between Nita, Vidur, Mita and Samir will now be $\displaystyle 1$ : $\displaystyle 1$ : $\displaystyle 1$ : 1. The balance sheet of Nita, Vidur and Mita before Samir's admission showed machinery at ₹ $\displaystyle 6,00$,000. On the date of admission, it was found that the machinery is overvalued by $\displaystyle 20$% . The value of machinery shown in the new Balance Sheet after Samir's admission will be :