What is meant by consignment stock?

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What is meant by consignment stock?..

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.

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What is meant by consignment stock?..

Answer / abhilash

Both answers are correct 1st one is mm point of view

Second one is SD point of view

WM consultant

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What is meant by consignment stock?..

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

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What is meant by consignment stock?..

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

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25 No

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