Interested to Buy Any Domain ? << Click Here >> for more details...
1. When is GRN raised?
2. what is the purpose of matching open PO listing against
GRIR account?
- 3 Answers
- 20518 Views
- I also Faced
- E-Mail Answers
Answer Posted / zeeshan arif
GRN means Good Received Note. It is raised when the goods are received by the entity/ store/ warehouse personnel as and when the goods are actually received. It may or may not be with the invoice but not necessarily raised at the time the invoice is received by the entity.
Its main purpose is to match the goods with the ones as ordered in the Purchase Order (PO), with the same quantity and specification, so that when the invoice is received, the payable function of the entity can make the payment to the vendor, knowing that the goods have been received.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Explain tangible assets?
When should a company sack its auditor?
what is the accounting treatment on Putoption over own shares.?
Explain the different advantages and disadvantages of internal audit?
Would you consider alternative vacancies if so which:
What are objectives of internal audit?
what is audit & activities of auditor?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
What is the purpose of meeting in audit?
Why you want to be a auditor?
Tell me that how I can evaluate the internal control audit?
Why do you want to work in audit?
i want question papers audit staff selection examination
May deduct TDS Froma reseller ?
