Arrange the various accounting aspects involved on retirement or death of a partner in logical sequence:(A) Ascertainment of share of profit or loss up to the date of retirement/death(B) Ascertainment of new profit sharing ratio and gaining ratio(C) Distribution of accumulated profits and losses(D) Settlement of the amounts due to retired/deceased partnerChoose the correct answer from the options given below:

When a partner leaves or passes away, the logical order of handling accounting adjustments is:(B) Ascertainment of new profit sharing ratio and gaining ratio: Calculated first to determine goodwill adjustments.(C) Distribution of accumulated profits and losses: Clearing existing balance sheet reserves among old partners in their old ratio.(A) Ascertainment of share of profit or loss up to the date of retirement/death: Finding intermediate current year profits using Profit & Loss Suspense Account.(D) Settlement of the amounts due to retired/deceased partner: Final structural payment computation or transfer to executioner loan account.Hence, the most systematic order matching the standard sequence of events is (B), (C), (A), (D).