Which of the following situations result in the reconstitution of a partnership firm?(A) Change in profit sharing ratio among partners.(B) Admission of a new partner.(C) Dissolution of a partnership firm.(D) Dissolution of a partnership.Choose the correct answer from the options given below:

Reconstitution of a partnership firm means a change in the existing economic and legal relationship among the partners, while the business entity continues to operate.(A) Change in profit sharing ratio: Leads to an end of the old agreement and a start of a new one $\to$ Reconstitution.(B) Admission of a new partner: The existing partnership structure is changed $\to$ Reconstitution.(D) Dissolution of a partnership: This refers purely to the termination of the old partnership agreement between specific partners, followed by a restructured relationship, keeping the firm alive $\to$ Reconstitution.(C) Dissolution of a partnership firm: This implies that the entire economic relationship among all partners is dissolved, the business operation stops, assets are sold, and liabilities are cleared. This terminates the firm completely rather than reconstituting it.Hence, (A), (B), and (D) result in the reconstitution of a partnership firm.