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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 / 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.
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