signs for stock movement and movement type
There is +ve and -ve values for stock movement.
Please advise what is the meaning of the signs. Does -ve means stock removed and +ve means Goods receipt?
How is movement type used in inventory aging?
Vikram raj replied
+ve entries of movement type indicates Debit of stock - Which indicates Increase
-ve entries of movement type indicates credit of stock - which indicates whenever reduce in stock qty. upon movement of issue or transfer.
Run omjj and check Internal control - Debit/Credit Ind. S - controls S-Debit & H Credit transaction figures updated with movement type.