Why do I see a difference in the Period In-transit Valuation Report and the in-transit account?

A debit balance is created for the receiving valuation unit in the case of a trade in transit transaction. This is reversed on transfer order receipt irrespective of whether the items are put away into inventory or not.

However, the Period In-transit Valuation Report considers the quantities put away into inventory for relieving the in-transit account value and therefore shows the in-transit value in the receiving organization for items received but not put away.