Interested to Buy Any Domain ? << Click Here >> for more details...
What is Goods Receipt Note? and its current format
- 12 Answers
- 79000 Views
- DelCor, Mayuka Labs, Price Waterhouse Coopers, I also Faced
- E-Mail Answers
Answer Posted / sreepada h.r.
GOODS RECEIPT NOTE (GRN) is prepared by the Stores /
Warehouse Department for accounting the receipt of goods
purchased from suppliers. When GRN is prepared in a
software, Inventory is updated with quantity and value. It
will also update the financial records by debiting Purchases
A/c & Crediting the Supplier's (Vendor's) A/c.
One copy of the GRN (with vendor's invoice , inspection /
quality report copy)is maintained in the location where it
is prepared and the original GRN with Original Invoice of
the Supplier will be authenticated by the Warehouse / Stores
In-charge and sent to the Finance/Accounts department for
transaction validation, payment and preservation of the
documents for future reference and audit.
| Is This Answer Correct ? | 107 Yes | 6 No |
Post New Answer View All Answers
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
Should I have perfect credit score, that is, above 800 credit score?
What is DRA in bank reconciliation.
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
Expand-------ANCS
what is difference between account and accounting
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
what do you meant auction? what is F & o segment?
what is purchase tax in rajasthan.
explain the difference between LIFO and FIFO?
Which document should be attached with purchse & sales invoice?
How can a shopkeeper maintain the daily data in tally
• What are the types of cash flows?
Is interest of a business unit Operating Expense or Non Operating Expense
