Select the most appropriate answer from the alternative given below and rewrite the sentences.i. Benefit Ratio is the ratio in which _________(a) The old partner gain on the admission of a new partner(b) The Goodwill of a new partner on admission is credited to old partners(c) The continuing partners’ benefits on retirement or death of a partner(d) All partners are benefitted.ii. The ratio by which existing partners are benefitted ____________(a) gain ratio (b) sacrifice ratio (c) profit ratio (d) capital ratioiii. Profit and Loss Suspense Account is shown in the new Balance Sheet on ____________ side.(a) debit (b) credit (c) asset (d) liabilitiesiv. Death is a compulsory _____________(a) Dissolution (b) Admission (c) Retirement (d) Winding upv. The balance on the Capital Account of a partners, on his death is transferred to ____________ Account.(a) Relatives(b) Legal Heir’s Loan/Executors Loan (c) Partners’ Capital (d) Partners’ Loan