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Accounting a bill

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(Querist)
26 June 2010 Dear sirs,
On which date a purchase bill is to be accounted? Whether on Invoice date or GRN date?
Will the property in goods transfer to the buyer just after the billing of goods or at when the goods reach the buyer's place?

Thank you....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 June 2010 Once the GOODS received and GRN raised the purchase liability need to create means you need to create the provision actual bill you can book after receive the bill

Property of goods trasnfer to the buyer once goods reach the buyer place
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