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Query about the date of entry regarding 31st March purchase from inter state

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sadhanisa

student

77 Points Posted on 05 February 2022

Dear concern,
if we purchased on 31st March and the goods received in the next financial year . so in this case which date I make entry in tally software. the date of invoice or the date of received goods .

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Quick Summary

This discussion addresses a common accounting query regarding the correct date for entering purchases made on 31st March, especially when the goods are received in the subsequent financial year. The core question is whether to use the invoice date or the goods received date for the entry in Tally software. The prevailing advice leans towards using the invoice date, as this is the date declared by the seller.