Raw Materials Definition


Raw Materials Definition:

Materials that are used to make a product. A finished product of a firm can be a raw material for another firm. For example plastic is a finished product for the manufacturer of plastic but raw material for manufacturers of computers who use plastic to make casings of computers.

Other Related Accounting Articles:

Recommended Books !



Or

Download E accounting book in MS-word format for just 20 $ - Click here to Download
This entry was posted in Accounting Definitions, Managerial Accounting and tagged , . Bookmark the permalink.

Comments / Questions

No Comments or Questions yet be the first to comment.



Leave a comment or question

(required)

(required)