Accounting treatment for a partnership firm is similar to that of a sole proprietorship business except the following aspects:(A) Distribution of Profit and Loss among the partners(B) Dissolution of Partnership Firm(C) Raising Capital through public offering(D) Adjustments for Wrong Appropriation of Profits in the PastChoose the correct answer from the options given below:

Partnership accounting differs from sole proprietorship primarily because of multiple owners. This involves:(A) Distribution of profits/losses via a Profit and Loss Appropriation Account.(B) Dissolution process unique to partnerships.(D) Past adjustments for wrong appropriations among partners.Note that statement (C) is incorrect because neither sole proprietorships nor partnership firms can raise capital through public offerings (which is a characteristic of public companies). Therefore, the correct aspects are (A), (B), and (D).