ENTREPRENEURSHIP

Detailed explanation-1: -A GRN consists of a record of goods that the buyer has received. This record helps the customer compare the goods delivered against the goods ordered.

Detailed explanation-2: -A goods receipt, depending on the context, has two different meaning. One: it is the movement of goods or materials into the warehouse i.e. incoming goods. Two: it is a document that serves as a confirmation to the receipt of materials to the warehouse or the receipt of stock from the vendor or manufacturer.

Detailed explanation-3: -Business transactions are ordinarily summarized in books called journals and ledgers. You can buy them at your local stationery or office supply store. A journal is a book where you record each business transaction shown on your supporting documents.

Detailed explanation-4: -A goods received note (GRN) is a record of goods received from suppliers, and the record is shown as a proof that ordered products had been received. The record is used by the buyer for comparing the number of goods ordered to the ones delivered.