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

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.  Cash is the blood that keeps a business alive.  So what are current assets?  How do …

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