Which type of document is used to record goods received for vendor consignment stock?

The goods receipt document is specifically designed to record the receipt of goods, including those received for vendor consignment stock. In the context of consignment stock, the goods receipt serves to officially acknowledge that the consignment items have been delivered and are now available for use, although ownership has not yet transferred to the buying organization until the items are consumed or sold.

This document is critical in the supply chain process because it helps maintain accurate inventory levels and provides a basis for future financial obligations. When goods are received under consignment, the organization does not immediately take ownership of the stock but must still track it accurately—hence, the opportunity to create a goods receipt document tailored for that purpose.

In contrast, the other options describe different types of documents that serve other roles within the procurement and inventory processes. A consignment settlement document is used for financial settlements related to consignment stock but does not record receipt. A purchase order is an agreement to buy goods or services but is not a record of stock receipt. A delivery note, while it might accompany the delivery of goods, does not formally record the transfer of goods within the receiving organization’s inventory system like the goods receipt document does.