Stock and consumable material

what is difference between stock and consumable material?
How to cancel an invoice,GR,PO,PR,PIR?
What  questions we may expect for interview in MM nad for written test also

Hi,
Answer to your first question form material valuation point of view.
1. Difference between Stock and consumables materials.
Automatic account assignment occurs for a stock material with a material type that allows for inventory management.  At posting time, data from the material master record determines which G/L accounts to hit.  For automatic account assignment, the account assignment category field is left blank.
For consumable material may or may not have a material master record.  A consumable material with a material master record would be for example, a material whose material type does not allow for inventory management (ex: pencils, paper, staplers, etc.).  When creating a requisition for one of these consumable materials, you must enter something in the account assignment category field.
When an account assignment category is specified, an additional pop-up window appears for entering the account assignment data.
Regards,
Prashanth Pai

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