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What is Consigement stock & which accounting entries are
posted at the time of GR?
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Answer Posted / sujan
CONSIGNMENT STOCK:- The stock supplied by the vendor is in
the companies premises with the company having no liability
for the same.The liability for the company will only be
affected when the goods are issued from the consignment
stock to use.
While posting from GR the movement type will be
201-consignment to stock.
| Is This Answer Correct ? | 17 Yes | 16 No |
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