Partners D and E share profits in the ratio $5:3$. A new partner F is admitted. Existing partners agree to give F goodwill of Rs. 24,000 in their old profit sharing ratio. How much goodwill is transferred from partner D to F?

Step-by-step solution

1. Determine the fraction of goodwill transferred to partner D: $\frac{5}{5+3}=\frac{5}{8}$.
2. Multiply this fraction by the total goodwill: $\frac{5}{8}\times 24,000=15,000$.
3. Thus, D transfers Rs. 15,000 to F.

Concept tested: Goodwill transfer on admission

Published 24 September 2026 · How this solution was prepared and checked