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What is Consigement stock & which accounting entries are
posted at the time of GR?
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Answer Posted / suneel ande
Consignment PO: -
During GR (MIGO)-No FI Entry will be generated during GR
During TP (MIGO)-Transfer to own Stock
(BSX) Stock Account - Dr
(KON-Blank) Consignment Liability A/c - Cr
During GI (MIGO)-GI from Consignment Stock
(GBB-VBR) Consumption Account - Dr
(KON-Blank) Consignment Liability A/c - Cr
During IR (MRKO)
Consignment Liability A/c - Dr
Vendor Account - Cr
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