What is Consigement stock & which accounting entries are
posted at the time of GR?
Answer Posted / mithun
After GR no accounting document will trigger only material document will trigger and we can own consignment stock by following two ways
a) mb1b 411 k Transcation event keys:BSX inventory raw mat
KON Account payable
AKO loss /consumption
b)migo goods issue others 201 k
Transcation event keys:GBB rm consumption
KON Account payable
AKO loss /consumption
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
What is mrp list?
How are free items managed in a po? You need to tick the tem as free in the po. The price will be zero for such po's.
For creating a purchasing info record what are the pre-requisites?
What is meant by scales in mm?
What are the various stock valuation methods?
How stock is being transferred from one plant to another plant?
What mrp procedures in consumption based planning?
If the recruiter is expecting thorough Knowledge\exp on the following topics:- o Material master o Vendor master o Purchasing o Release strategy o Inventory management What type of questions can i expect ? Please mention some important questions
Explain batch management process.
How will you consider sub contracting po components which are not sent by your company to vendor but they are added by the vendor (sub contractor)?
What are basic tables used for material master?
What are the important steps in the procurement life cycle?
What are some of the initial configuration steps for purchase requisitions?
Under which business scenario split valuation is used?
Explain return delivery?