Bank Exams Questions

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Wimbledon Tournament in the city London, is the prestigious and the oldest tournament in the world.

Udaipur, a city in the state of Rajasthan which was named after the Maharana Udai Singh - II, is known for its beautiful artificial lakes around the city and lavish royal residences.

Thus, Udaipur nickname is City of Lakes in India.

China's amphibian aircraft, which is stated to be the world's largest, has successfully passed engine tests and is expected to make its maiden flight in the first half of the year 2017.

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.

For exampe if it is 12:45 AM, then after 8 hours the time is 

12 hrs 45 min + 8 hrs = 8 : 45 PM in the night on the same day. 

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.