What is meant by consignment stock?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How is the vendor created?

626


What are the main components of the mm module?

656


What is difference between gr blocked stock and blocked stock?

635


A stock transfer was done between two plants belonging to same company code and between two plants belonging to different company code. What will be the difference between the two?

688


What do the we 103 do?

681






Explain the 'inventory management' sub module?

697


What is the sequence of determining the vendor : quota arrangement, source list, pir, old po. Arrange them in right sequence.

1037


What information does the subcontracting info records contain?

848


Why is batch record important?

725


How is the pricing of consignment stocks done? What information does consignment info record contain?

705


How do you change characteristic?

822


How do we create a client in the mm module?

695


Outline 'stock valuation methods' for material revaluation?

668


What is the use of ‘info update’ indicator in purchasing documents?

651


What are some of the movement types for stock transport order?

716