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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.
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Answer Posted / 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 ? | 22 Yes | 1 No |
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