Questions

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.

The Coconut tree

Achal Kumar Jyoti (64), a retired 1975 IAS Officer batch of Gujarat Cadre, is the newly appointed Chief Election Commissioner (CEC), who took over as the head of the Election Commission in New Delhi on today. He succeeded Dr Nasim Zaidi. Jyoti will continue as the Chief Election Commissioner till January 17, 2018. Prior to this appointment, he was Election Commissioner of India. A CEC or an EC can have a tenure of six years or hold office till the age of 65 years, whichever is earlier.