Consignment

[Former Member]

Hi friends,

i want to know what happens in the background when we run the consignment settlement through - MRKO.

Regards,

aks

[Former Member]

It acts as MIRO.

MRKO is the invoice verification for consignment and pipeline process

[Former Member]

i knw tht w wont do the miro here....wht a/c docs. generated?

[Former Member]

THX for your replies, I need the to what are the accounting entries posted at the time of mb1b and mrko.

[former_member182609]

in MB1B transaction suppose you want to make it consignment to own stock

Debit to Inventory account (BSX) (+ve)

Credit to GR/IR account (WRX) (-Ve)

If you issued consignment to cost center through MB1A

Debit to consumption against costcenter(+Ve)

Credit to GR/IR (-Ve)

At invoice level (MRKO(Background )or MIRO)

Debit to GR/IR account (+Ve)

Credito vendor accont (-ve)

[Former Member]

n MB1B transaction suppose you want to make it consignment to own stock

Debit to Inventory account (BSX) (+ve)

Credit to GR/IR account (WRX) (-Ve)

thanx for the reply....but wen i c the doc. info in display of MIGO..it shows me as no a.c doc's founds....i,e i canot c the WRX - gr/ir a/c......i only hav the mat. doc. no. ....?

as per your statement if gr/ir a/c -wrx is crideted..it shud show..wer can i c ?

kind regards,

akx

[Former Member]

any suggestions plz?

aks