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Raw Resources

This refers to raw materials used in the making of a final product. As an example, hay is a raw resource to a cattle rancher. Water is a raw material to bottling company and so on. It is the primary account in the inventory section of the current assets of a balance sheet.

An Explanation of Current Assets

03/11/2013

The asset side of the balance sheet is divided into 3 major sections.  They include current assets, fixed assets, and other assets.  Current assets carry the most value to the small business entrepreneur because of the cash conversion aspect.  [...]