A cash crop is one that you grow to sell rather than use yourself. A raw material is what you start with to make something else. There is no specific connection between them, but obviously a cash crop might be used as a raw material, for instance sugar cane for bioethanol.
Short answer, yes. They are the same thing. Long answer: A raw material is a resource that has not been processed yet. A tree would be a raw material, but the furniture made from it would not.
cash crops and raw materials
raw material are indirect material
It is made from raw material because it is made from cotton
Raw materials and cash crops are agricultural products. Many plants produced for sale by agricultural endeavors are natural resources for other products and processes.
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
A cash crop is one that you grow to sell rather than use yourself. A raw material is what you start with to make something else. There is no specific connection between them, but obviously a cash crop might be used as a raw material, for instance sugar cane for bioethanol.
I don’t know
coca beans
Short answer, yes. They are the same thing. Long answer: A raw material is a resource that has not been processed yet. A tree would be a raw material, but the furniture made from it would not.
Operating cycle is the period in which company purchase raw material and good manufactured from that raw material while cash cycle is investing cash in inventory to manufacture the goods and selling the goods and earning cash from that sales and after that collecting cash from debtors.
cash crops and raw materials
There are many others but cotton and beef lead the list.
At the very least, gold and silver. Other raw materials included copper, iron, wood and cash crops such as coffee, cotton and cocoa (chocolate).
Cost to purchase basic raw material for the manufacturing of product is called the raw material cost like in cost of wood in furniture etc.
the raw material is raw meat from a cow.