Under the Garner vs Murray rule, in the event of dissolution of a partnership firm, solvent partners bear the deficiency of an insolvent partner in their:

Arrange the following steps in the correct sequential order to calculate the new profit-sharing ratio of the continuing partners when the retiring partner's share is acquired in a specifically agreed proportion (Gaining Ratio): A. Add the newly acquired fractional share to the existing old profit share of each continuing partner. B. Ascertain the exact fractional share of the retiring partner acquired by each continuing partner by applying the agreed Gaining Ratio to the outgoing partner's share. C. Identify the existing old profit-sharing ratio of both the retiring partner and the continuing partners. D. Express the updated individual shares as a final simplified new profit-sharing ratio among the continuing partners. Choose the correct answer from the options given below:

Arrange the following steps in the correct sequential order for preparing and adjusting the Revaluation Account during the reconstitution of a partnership firm: A. Ascertain the difference between the two sides of the account to indicate the net profit or loss on revaluation. B. Debit the account with reductions in the value of assets and increases in liabilities, and credit it with increases in asset values and decreases in liabilities. C. Transfer the resulting profit or loss to the capital accounts of old partners based on their old profit-sharing ratio. D. Open an account named Profit and Loss Adjustment Account or Revaluation Account to record profits or losses. Choose the correct answer from the options given below: