The stock which is rejected by the dealers and remains idle in the warehouse due to damage or obsolescence is the rejected stock.
Posts by Seema Chaudhary:
AN IDLE ASSET OR SCRAP CAN BE USED IN VARIOUS FORMS.
We might have read a lot about the ways of disposing idle asset and industry scrap. These idle assets and industry scrap can be recycled and reused for the betterment of the environment and society too. More
We all know that a farmer is a person engaged in agriculture, raising living organisms for food or raw materials. The term usually applies to the people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. More
Small scale industries are those which venture with limited capital and small scale basis. Cottage industries, handicrafts production, joint family business etc., are such industries which need not invest larger amount of capital and has limited risk. More
Asset recovery is the process to maximize the value of unused, unwanted, or out dated equipment through effective redistribution. It is natural for all types of companies and organizations to try and get the best return for their items. More
Scrap consists of recyclable materials leftover from product manufacturing and consumption such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value especially recovered metals and non-metallic materials are also recovered for recycling. More
What is an idle asset?
The answer for this question is very simple and expressed in a single word; “WASTE”. By elaborating up on this word we get a valid answer that an idle asset is nothing but a tangible asset which is not in use or worn out. More