Podcast
Questions and Answers
What is the purpose of a Goods Dispatch Note (GDN)?
What is the purpose of a Goods Dispatch Note (GDN)?
- To authorize the delivery of goods
- To list goods dispatched from a supplier (correct)
- To confirm payment for goods received
- To acknowledge receipt of goods
Who typically signs the Delivery Note (DN) as an acknowledgment of receiving goods?
Who typically signs the Delivery Note (DN) as an acknowledgment of receiving goods?
- The accounts department personnel
- The supplier's CEO
- The warehouse manager
- Two individuals, the deliverer and the receiver (correct)
Which document is crucial for the accounts department to process payment?
Which document is crucial for the accounts department to process payment?
- Goods Dispatch Note (GDN)
- Sales Order
- Purchase Order
- Invoice (correct)
Why is it important for an Invoice to match other documents like the Purchase Order and Delivery Note?
Why is it important for an Invoice to match other documents like the Purchase Order and Delivery Note?
What must support an Invoice for the accounts department to process payment?
What must support an Invoice for the accounts department to process payment?
What is the primary purpose of a source document?
What is the primary purpose of a source document?
Which of the following is NOT an example of a source document mentioned in the text?
Which of the following is NOT an example of a source document mentioned in the text?
What is the purpose of a purchase order?
What is the purpose of a purchase order?
Which document is raised by the receiving firm to list the goods received from a supplier?
Which document is raised by the receiving firm to list the goods received from a supplier?
What is the purpose of a unique number assigned to source documents?
What is the purpose of a unique number assigned to source documents?
How many copies of a purchase order are typically issued?
How many copies of a purchase order are typically issued?
