Question

What do you mean by goods received note and goods returned note?

Answer 1

GRN (Goods Received Note) benefits from Goods In to Purchasing. The majority of companies will invoice based on goods despatched rather than goods ordered meaning it becomes beneficial to process supplier invoices relating to the receipt of goods rather than the individual purchase orders they are on.

hope it helps

Answer 2

hi mate....
Goods received note is issued by the purchaser at that time when goods are received by him and he gets satisfy with the reached goods.
Goods returned note means when the goods are returned by drawer(purchaser) to drawee(seller) because of dissatisfaction from the reached goods.