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Goods Received Note

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Goods Received Note

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.
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  • November 30, 2016 at 6:56 am #352509
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Hi sir, I just want to clarify something.

    Once a company receives the goods it has ordered, A sequentially numbered goods received note (GRNs) should be completed by the warehouse department right ?

    What is the purpose of sending a copy of the GRN to the finance department ?

    Is it to keep them aware that the goods have been received so that they don’t panic when they receive an invoice from the supplier for payment ?

    November 30, 2016 at 8:08 am #352520
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10593
    • ☆☆☆☆☆

    The GRN is needed in the finance department to tell them the goods have been received. Invoices should not be paid if goods have not been received.

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