Admission of a New Partner

Kemi and Chidi are partners in a accounting firm sharing profits and losses in the ratio of $3:2$. They admit Ngozi into the partnership with a $\frac{1}{5}$ share in future profits. Ngozi pays $\text{₦}20,000$ as premium for goodwill, which is credited to the existing partners' capital accounts in their profit-sharing ratio. What is the amount of goodwill premium credited to Kemi's capital account (in $\text{₦}$)?

Ade and Musa are partners in a trading firm sharing profits and losses in the ratio of $3:2$. Their capital account balances are $\text{₦}80,000$ and $\text{₦}50,000$ respectively. On 1st January, they admit Zainab into the partnership for a $\frac{1}{5}$ share of profits, bringing the new profit-sharing ratio among Ade, Musa, and Zainab to $2:2:1$. Zainab brings in $\text{₦}40,000$ as capital and $\text{₦}10,000$ as premium for goodwill in cash. On admission, the firm's assets are revalued, resulting in a net revaluation profit of $\text{₦}10,000$. What is the balance of Ade's capital account immediately after the admission of Zainab?

Ade and Ola are partners sharing profits and losses in the ratio of $3:2$. They admit Musa into the partnership, giving him a $\frac{1}{5}$ share of the future profits. If Ade and Ola share the remaining profits in their original ratio, what is Ade's new share of profits?

Emeka and Fatima are partners in a commercial enterprise sharing profits and losses in the ratio of $2:1$. Their capital account balances prior to admission are $\text{₦}150,000$ and $\text{₦}90,000$ respectively. They agree to admit Audu into the partnership for a $\frac{1}{4}$ share of future profits. Upon admission, a revaluation of assets results in a net loss of $\text{₦}15,000$, and the goodwill of the firm is valued at $\text{₦}60,000$. If goodwill is raised in the old ratio and immediately written off in the new profit-sharing ratio, what is Emeka's capital balance after all adjustments?

Tunde and Folake are partners in an architectural firm sharing profits and losses in the ratio of $3:2$. They agree to admit Ibrahim as a new partner with a $\frac{1}{4}$ share in the profits of the firm. If the total goodwill of the firm is valued at $\text{₦}20,000$, what is the amount of goodwill premium in Naira that Ibrahim must bring in for his share?

Folake and Uche are partners sharing profits and losses in the ratio of $5:3$. Their capital balances prior to adjustments are $\text{₦}250,000$ and $\text{₦}150,000$ respectively. They agree to admit Chinedu into the partnership for a $\frac{1}{5}$ share of future profits. On admission, equipment is revalued upward by $\text{₦}32,000$ and a provision for doubtful debts of $\text{₦}8,000$ is created. Goodwill is valued at $\text{₦}80,000$, raised in the old profit-sharing ratio, and immediately written off in the new profit-sharing ratio. What is the closing capital account balance of Folake after all adjustments?

Zainab and Babatunde are partners in a haulage enterprise sharing profits and losses in the ratio of $3:2$. Prior to the admission of Chijioke, their capital balances were $\text{₦}400,000$ and $\text{₦}300,000$ respectively. Upon admitting Chijioke to a $\frac{1}{5}$ share in the profits, the firm's assets were revalued, resulting in an appreciation of $\text{₦}80,000$ on machinery and a depreciation of $\text{₦}20,000$ on inventory. Additionally, goodwill was valued at $\text{₦}150,000$, and Chijioke brought in his share of goodwill premium in cash to be distributed to the existing partners. What is the updated balance of Zainab's capital account immediately following these admission adjustments?

Bello and Kabir are partners in a trading firm sharing profits and losses in the ratio of $4:1$. They admit Danladi into the partnership, giving him a $\frac{1}{6}$ share of future profits. The goodwill of the firm is valued at $\text{₦}120,000$, and Danladi brings in his required share of goodwill in cash. What is the amount of goodwill premium (in Naira) to be credited to Kabir's capital account?

Sola and Musa are partners in a consulting firm sharing profits and losses in the ratio of $3:1$. They admit Obinna into the partnership with a $\frac{1}{5}$ share of future profits. Obinna brings in $\text{₦}120,000$ in cash as goodwill premium to be shared by the existing partners. How much goodwill premium will be credited to Musa's capital account?

Peter and Paul are partners in a trading firm sharing profits and losses in the ratio of $3:2$. They admit Grace into the partnership, granting her a $\frac{1}{5}$ share of the total profits. What is the new profit-sharing ratio of Peter, Paul, and Grace?

Victor and Raymond are partners in a business sharing profits and losses in the ratio of $3:2$. They admit Kenneth as a new partner, and the new profit-sharing ratio among Victor, Raymond, and Kenneth is agreed at $5:3:2$. Kenneth pays $\text{₦}24,000$ in cash as premium for goodwill. What amount of the goodwill premium (in Naira) should be credited to Victor's capital account?

Ade and Ngozi are partners in an engineering firm sharing profits and losses in the ratio of $3:2$. Their capital account balances prior to the admission of a new partner, Emeka, are $\text{₦}120,000$ and $\text{₦}80,000$ respectively. Upon Emeka's admission, the partnership assets are revalued, yielding a net revaluation profit of $\text{₦}30,000$. What is the adjusted capital balance of Ade in Naira after crediting his share of the revaluation profit?

Halima and Segun are partners in a retail enterprise sharing profits and losses in the ratio of $3:2$. They admit Tunde into the partnership with a $\frac{1}{5}$ share of future profits. Tunde pays $\text{₦}50,000$ as capital contribution and $\text{₦}20,000$ as premium for goodwill. What amount of the goodwill premium should be credited to Segun's capital account?