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GRN preparation & Purchase

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Rajesh

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31 August 2025 1) Purchase invoice is dated 25th March 2025 (FY 2024-25)
2) Goods arrive in the factory on 29th March 2025 (FY 2024-25)
3) GRN is prepared on 2nd April 2025 (FY 2025-26)

What should be accounting treatment as far as Purchase and Stock is concerned?

Kindly guide.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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31 August 2025 Both purchase and stock should be accounted for in FY 2024-25, on the actual goods arrival date (29th March 2025), irrespective of the GRN being in FY 2025-26, and not simply on the invoice date.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 September 2025 Good luck....

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