A, B and C are partners sharing Profit and losses in the ratio 3:2:1. From 1st April 2018, A,B and C decided to share profit and losses equally. This may result in the gain to a few partners and loss to othe₹ Answer the following questions:i. From 1st April 2018, A,B and C decided to share profit and losses equally. It is a a. Revaluation of the firm b. Dissolution of the firm c. Reconstitution of the firm d. None of the aboveii. As there is a change in profit sharing ratio. Which of the following is calculated? a. Sacrificing ratio b. Gaining ratio c. Both a. and b. d. None of the aboveiii. What is the formula of Sacrificing Ratio. a. Sacrificing ratio = Old ratio – New ratio b. Sacrificing ratio = Old ratio +New ratio c. Sacrificing ratio = New ratio – Old ratio d. None of the aboveiv. What is the formula of Gaining Ratio. a. Gaining Ratio = Old ratio – New ratio b. Gaining Ratio = Old ratio +New ratio c. Gaining Ratio = New ratio – Old ratio d. None of the above