What ajustments are required at the time of reconstitution of a partnership firm?

Explanation

Follwing adjustments are required at the time of reconstitution of a partnership firm :
(i) Determination of Sacrificing Ration and Gaining Ratio
(ii) Accounting for Goodwill.
(iii) Accounting Treatment of Reserves and Accumulated Profits
(iv) Accounting for Revaluation of Assets and Liabilities.
(v) Adjustment of Capitals.