GRN preparation & Purchase
This query is : Resolved
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.
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.
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.
Message likes :
1 times
21 September 2025
Good luck....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- Applicability of GST on deduction for cancellation of Pension policy
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
