What is meant by consignment stock?
Answers were Sorted based on User's Feedback
Answer / manivickyyy@gmail.com
if A is plant and B is the vendor.
in A premises there are 10 material
stock is in plant premise but A is not not owner, B is the owner.
if we purchased through goods receipt for 2 material then A is the owner, rest of the 8 material remains B is the owner.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bakiraza harriet
Goods in possession of a party that is not the owner or
titleholder.From the accounting point of view such goods
have neither been sold nor are they part of owners inventory
Is This Answer Correct ? | 1 Yes | 4 No |
Answer / rdinesha
consignment stock is an already used materials like
bottle,once we are consumed again bottles reproduced that
type of materials is as consignment stock
Is This Answer Correct ? | 1 Yes | 25 No |
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