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What is meant by consignment stock?
Answers:
Answer #1Consignment stock is the material which is lying in the premises but is not owned by the company. It has no value assigned to it until it is taken into own stock. Once it is used in production or to be sold, it is taken into own stock.
Answer #2dumping stock at customer location
ownership is with company
no accounting while consignment fill up
accounting entry while consignment issue
accounting entry while consignment return
no accounting while consignment pick up
ownership is with company
no accounting while consignment fill up
accounting entry while consignment issue
accounting entry while consignment return
no accounting while consignment pick up
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