Question

what is the purpose of good receipt transactions?

Answer 1

Answer)

Receipts are specific documents which show the proof for a financial transaction wherein the receipt would be provided for business-specific dealing along with the stock market transaction and is also needed for the tax-related purpose along with proof of expenses.

Goods receipt transaction is an important document meant for inventory management and this even allows one to increase the inventory level or reduce it as per the need which can be identified using the Goods Receipt.

This is mostly between the supplier and the dealer when the supplier gets the purchase order and when they ship the purchased items. One can track the items and in turn ensure that such items are delivered with appropriate quantity, type etc at the receiving end.

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