Goods received notes
A goods received note records goods delivered to a business. It commonly shows receipt date, supplier, goods description, quantities and condition, and references the purchase order. It supports checks that deliveries match orders and invoices and helps establish inventory and purchase cut-off. It is evidence of physical receipt, not necessarily a statement of the final amount payable.
Worked example
A warehouse records receipt of 95 units against an order for 100; accounts investigate a supplier invoice charging for all 100.
Common mistake
Do not treat the order date or invoice date as automatic proof of receipt; delivery terms and actual events matter.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Direct | July 2027–August 2028 |
| ACCA | F2 | Direct | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Direct | July 2027–August 2028 |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: GRN
