To compare the given fractions, we convert them into equivalent like fractions.
Let us find L.C.M. of 3, 9, 8 and 5:
$$\begin{array}{l|l} 2 & 3, 9, 8, 5 \\ \hline 2 & 3, 9, 4, 5 \\ \hline 2 & 3, 9, 2, 5 \\ \hline 3 & 3, 9, 1, 5 \\ \hline 3 & 1, 3, 1, 5 \\ \hline 5 & 1, 1, 1, 5 \\ \hline & 1, 1, 1, 1 \end{array}$$
L.C.M. = 2 × 2 × 2 × 3 × 3 × 5 = 360
Convert the given fractions into equivalent like fractions with denominator 360:
$$\begin{aligned}\Rightarrow \frac{2}{3} = \frac{2 \times 120}{3 \times 120} = \frac{240}{360} \\[1em] \Rightarrow \frac{7}{9} = \frac{7 \times 40}{9 \times 40} = \frac{280}{360} \\[1em] \Rightarrow \frac{5}{8} = \frac{5 \times 45}{8 \times 45} = \frac{225}{360} \\[1em] \Rightarrow \frac{3}{5} = \frac{3 \times 72}{5 \times 72} = \frac{216}{360}\end{aligned}$$
As 216 < 225 < 240 < 280,
$\frac{216}{360} \lt \frac{225}{360} \lt \frac{240}{360} \lt \frac{280}{360}$
⇒ $\frac{3}{5} \lt \frac{5}{8} \lt \frac{2}{3} \lt \frac{7}{9}$
Hence, the given fractions in ascending order are $\frac{3}{5}, \frac{5}{8}, \frac{2}{3}, \frac{7}{9}$.