accounts questions

(6) Partners in Pakistan can today be fixed at the following numbers:

•  (20) 
•  50 
•  75.

(7) Flexible budget is a budget with the following features:

•  (Changes with volume of production.)
•  Changes with variable expenses
•  Changes in Direct material.

(8) Break Even can be calculated as under:

•  ______VC_______
• FC- TR TC
•  (FC I- VC TR)
•  None of these.

(9) Quick Ratio can be computed as under:

•  Quick . Assets/Quick Liabilities
•  Quick . Liabilities Current Assets
•  (Current Assets/ Current Liabilities)

(10) In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under:

•  Rupee one 
•  (Rupee zero) 
•  None of these.