banner_ad

Book keeping and recording transactions

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 December 2012 Sir , I am an article conducting internal audit...where factory and account department located in differentt city. While checking Purchase voucher I m confused when purchase should really be booked:-
1. Date of invoice
2. When GRN made

What if ; if due to management fault grn prepared very late.
And what if if entry forthe same is is passed in after 15-20 days
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
04 December 2012 Entry in accounts is made when the "obligation" has occurred. i.e. date of invoice. If GRN date mismatches with the other date... report this observation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details