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Commerce · Q91

Costing

Graduate and Post Graduate · Commerce · question 91

Q91

GRN number refers to________.

A.
goods received note number
Answer
B.
goods returned note number
C.
goods shortage note number
D.
goods requisition note number

Answer: Option A

Solution

Answer: Option A
Solution:
A goods receipt note (GRN) is created to record the delivery of items from your suppliers. A GRN is created against an issued purchase order. When a GRN is created for an item, any pending item quantity for an approved indent request will be automatically issued.