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What time

Shivani (Learner) (1881 Points)

10 May 2015

Dear Friends

When do we put purchase entry in our books.

When we received goods or when we receive the invoice?

When we do receive the invoice?

What is receipt note and delivery note?

Regards

shivaniadream @ gmail.com

available on Hike

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8 Replies

Joey Tribbiani (fdg) (2010 Points)
Replied 10 May 2015

When we receive the goods,GRN is entered and when invoice is received party is credited.

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Shivani (Learner) (1881 Points)
Replied 10 May 2015

Hey Joey from FRIENDS

You were my favourite character in FRIENDS but i couldnt understand your explanation (much like in FRIENDS).

Please explain in detail with help of some example.

Rachael

Deepak sharma (Learner) (1431 Points)
Replied 11 May 2015

Hello,

Our stock's Quantity Increased when we received goods and without invoice we cannot put Transaction in our accounting records,

So if you working in Tally->

for e.g. you recd goods on 11/05/2015 and Invoice Num & date is SHI/001 and 09/05/2015 respectively

So pls enter the Purchase Voucher date as 11/05/2015 when u recd the goods & Under Supplier's Invoice SHI/001 with dt 09/05/2015 (Invoice date)

Regards

Deepak Sharma

deepak_8583 @ yahoo.com

Shivani (Learner) (1881 Points)
Replied 11 May 2015

Dear Deepak

thanks for ur reply.

so what u r saying is that in purchase voucher there are two dates in taly. one in top right corner and another to the right of supplier invoice no. So i should put 11/05/2015 in top right corner and 09/05/2015 to the right of supplier invoice no.

Please confirm.

Also what will happen in a case where invoice received early and goods received late? or is this situation never possible and we always receive invoice after we receive goods? WHen do we receive invoice?

regards