Which combination of statements are correct about Death of a partner-(A) Ascertainment of new profit sharing ratio and gaining ratio(B) Preparation of Realization Account(C) Revaluation of assets and liabilities(D) Adjustment of capital, if requiredChoose the correct answer from the options given below:

Let's analyze the accounts prepared at the time of a partner's death:(A) Correct: Remaining partners must compute the new ratio and gaining ratio to distribute the deceased partner's share of goodwill.(B) Incorrect: A Realisation Account is only prepared during the complete dissolution of the firm, not upon a partner's death (where a Revaluation account is used instead).(C) Correct: Assets and liabilities are revalued to update asset balances up to the exact date of demise.(D) Correct: Capitals can be rearranged or adjusted according to any revised terms set out in the partnership agreement.Therefore, (A), (C), and (D) are correct statements.