Explanation:

- Option 1: Reserves: Reserves are shared among existing partners in their old profit-sharing ratio. They aren't specifically connected to the sacrificing ratio.

- Option 2: Goodwill: When a new partner is admitted, the sacrificing ratio ensures outgoing or existing partners are compensated for their reduced profit share, often using goodwill.

- Option 3: Revaluation Profit: This pertains to profit/loss from asset and liability revaluation, usually shared in the old profit-sharing ratio.

- Option 4: Balance in Profit and Loss Account: The balance is typically distributed in the old profit-sharing ratio.