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Is there any difference between "Blocked Stock" and "GR
Blocked Stock"?

I read that: GR Blocked Stock is always non-valuated, while
Blocked Stock inventory can be Valuated. Is this true?
Please explain this while answering if the two terms are
same or different.

Answers were Sorted based on User's Feedback



Is there any difference between "Blocked Stock" and "GR Blocked Stock"? I ..

Answer / shaila dhengre

GR blocked stock & Blocked stock both are two different terms

When customer received material just by visual inspection he observed some damage then that material is post to GR blocked stock using movement type 103, it means goods receipt is not created & that's why that stock is not company owned stock & that is unvaluated stock. Company is not liable to pay for that material.

When customer receives material after creating goods receipt at the time of quality inspection found damage in material then that material is posted to blocked stock and as when stock is booked valuation along with quantity already takes place this material is valuated stock.

Is This Answer Correct ?    19 Yes 0 No

Is there any difference between "Blocked Stock" and "GR Blocked Stock"? I ..

Answer / geethai

your assumption is correct

Is This Answer Correct ?    7 Yes 0 No

Is there any difference between "Blocked Stock" and "GR Blocked Stock"? I ..

Answer / muheeb

GR blocked stock means when the product of the material is
not good, it not valuated whether block stock is valuated
because you block either in po or gr.

Is This Answer Correct ?    3 Yes 2 No

Is there any difference between "Blocked Stock" and "GR Blocked Stock"? I ..

Answer / vinesh

blocked stock is valuated stock in plant but gr blocked stock is vendor stock it is not value in plants

Is This Answer Correct ?    0 Yes 0 No

Is there any difference between "Blocked Stock" and "GR Blocked Stock"? I ..

Answer / abhisek pattnayak

Blocked stock is Valuated Stock where as GR Blocked Stock is Non Valuated.The 2 terms are different.Due to some reasons,the Stock is not checked or physically inspected,for that We keep that Stock to GR Blocked Stock in Movement Type-103,which is itself a Non Valuated.After Inspection Stock may be sent to Unrestricted Use or to the Blocked Stock.So,Movement Type is 105 for Unrestricted Use from GR Blocked Stock & Movement Type 107 for Block Stock from GR Blocked Stock.So,Blocked Stock itself a Valuated Stock.Thank you.

Is This Answer Correct ?    0 Yes 0 No

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