ATP is the primary energy transporter for most energy-requiring reactions that occur in the cell. The continual synthesis of ATP and the immediate usage of it results in ATP having a very fast turnover rate. This means that ADP is synthesized into ATP very quickly and vice versa. For example, it takes only a few […]

Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Dividends paid out are reported on the statement of cash flows as a use of cash. This is included in the cash flow from financing activities section of the report. Revenue and retained earnings are […]

There are two methods in accounting that allow the company to write off such balance to income statement. This account payable is discharged from the company’s financial statements when the company makes the payment to its supplier. The company may write off some items in the inventory when it deems that they are no longer […]