Does the stock ledger report show the Goods in Transit stock ?

Yes, In the system, GIT is called as Goods In Transit when the item is used in distribution. These items are covered in the stock ledger report. It is the goods that have departed from the distribution issue, loading, or shipping point but have not yet arrived at the receipt. These are shown as the goods issued from the stock.
A Stock Ledger Report is a detailed record that keeps track of stock movements. Inward or outward transactions related to Manufacturing, Purchasing, Sales, and Stock Transfers are recorded in the Stock Ledger which then is reflected in the Stock Ledger Report.
A Stock Ledger Reports columns are as follows Document Ref Series, Cust Code, Location, Unit, Receipts, Issue, Balance ,Date, Ref No, Cust Name, Item Type, Item name and Lot No.