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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,
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).