GOODS RECEIVED NOTE Definition

Bookmark and Share

GOODS RECEIVED NOTE is a document produced when goods are received into the company/factory. It will usually accompany goods to any inspection and is used to check against invoices before payment.

Learn new Accounting Terms

SPECIFIC IDENTIFICATON INVENTORY VALUATION is a method of valuing and tracking inventory where each item can be identified. Specific identification is most often used for large, easily traceable items, such as furniture or vehicles. If tracking each individual inventory item is not practical, the inventory can be valued using other accepted methods, such as the first-in, first-out method (FIFO) or the last-in, first-out method (LIFO).

DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.