R, S and T are sharing profits and losses in the ratio of 1:2:3, decided to share future profit and losses equally. The sacrificing and gaining ratio was calculated. The asset and liabilities were revalued and reassessed respectively. The Capital accounts of partners was prepared.Answer the following questions:1) The ratio in which a partner surrenders his share in favour of a partner is known as: (a) New profit-sharing ratio (b) Sacrificing Ratio (c) Gaining Ratio (d) Capital Ratio2) The ratio in which a partner receives a rise in his share of profits is known as: (a) New Ratio (b) Sacrificing Ratio (c) Capital Ratio (d) Gaining Ratio 3) Increase and decrease in the value of assets and liabilities are recorded through (a) Partners' Capital Account (b) Revaluation Account (c) Profit and Loss Appropriation Account (d) Balance Sheet4) Partner's capital account is credited when there is (a) Profit on revaluation (b) Transfer of general reserve (c) Transfer of accumulated profits (d) All of the above