Arrange the following actions in the correct chronological sequence in the context of the admission of a new partner.A. Finalizing terms for admission of a new partnerB. Calculation of sacrificing/gaining ratioC. Finalizing balance in partner's capital A/cD. Calculation of new profit-sharing ratioE. Valuation and adjustment of goodwillChoose the correct answer from the options given below:

The process of admitting a partner involves a specific order of structural adjustments:\begin{enumerate}\item \textbf{A. Finalizing terms for admission of new partner}: The preliminary entry step where terms and operational stakes are mutually agreed upon.\item \textbf{D. Calculation of new profit-sharing ratio}: Establishes how the post-admission profit allocation shifts.\item \textbf{B. Calculation of sacrificing/gaining ratio}: Required to find out how much existing partners gave up to accommodate the incoming partner.\item \textbf{E. Valuation and adjustment of goodwill}: Premium values are calculated and distributed among old partners according to their sacrificing ratios.\item \textbf{C. Finalizing balance in partner's capital A/c}: The concluding step where all adjustments are posted to find the final capital positions.\end{enumerate}This yields the sequence: A, D, B, E, C.