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GDN/GRN vs Invoice

GGiga5y ago
Hi, Could you please explain what is the difference between GDN and a sales invoice (or GRN and a purchase invoice)? Also, could you please explain, in which circumstances each of them should be used as a supporting document? Thanks a lot, Giga
KimKimTutor5y ago#1
See Chapter 13 - s.1 and s.2 - "Goods" received/despatched notes record GOODS movements - can be used in the maintenance of inventory records. An invoice is "priced up" - i.e. has monetary amounts of the goods sold/purchased - it is a demand for payment (e.g. in 30 days) - it may be required to show sales tax/VAT (e.g. in UK).
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