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author's profile photo Former Member
Former Member

very imp non stock

hi folks,

could anyone please tell me the meaning of non stock items,what is its functionality?

regards,

kiran

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    author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2008 at 09:01 AM

    Definition:

    Nonstock materials (NLAG)

    Nonstock materials are not held in stock because they are consumed immediately.

    Ex : Milk for canteen in industry.Neither stock is held & cost is directly assigned to canteen cost center

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    • Former Member

      it is understood that the stock is not held in inventory because of immediate consumption but why cant the cost is assigned

      u know the price of milk and the quantity u procured and u easily find out the cost of consumption

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