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The following documents are used within a cost accounting system
(1) invoice from supplier
(II) purchase order
(III) purchase requisition
(IV) stores requisitionWhich TWO of the documents are matched with the goods received note in the buying process?
A (1) and (II)
B (I) and (iv)
C (II) and (III)
D (iii) and (iv)
Sir answer is ‘A’. I could not understand how a document like good received note is compared with documents like Sales Invoice. As it is not even there at that time available.
The GRN is evidence that goods have arrived.
Initially you want to make sure they were ordered, so match to a purchase order (that will have been generates from a stores requisition and a purchase requisition, so no need to go back to those)
Subsequently when an invoice has been received, you want to make sure that that the goods have been ordered and received, so the invoice will be matched to the GRN (it will often also be matched to the purchase order, but that is not part of this question).
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