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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

QualificationExamRelationshipPeriod
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