Entry for purchase invoice

Karan Gaur (Querist) 05 January 2013 This query is : Resolved
Greetings of the day to all experts!!!

Purchase invoice date :01.01.2013
Goods received in the factory:02.01.2013
Entry of the purchase invoice made in Excise record 03.01.2013
Entry of the purchase invoice made in accounting record 04.01.2013

What are the rules to record the purchase invoices in excise and accounting records?

Is there any mistake in above mentioned recording method?

Kindly suggest.....

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Guest (Expert) 06 January 2013
The only mistake on your part is that you have not mentioned for what purpose you have put this query. It is not understood what is the object of asking your query over here instead of asking from your own superiors as to what mistake was in the recording method of the Excise or the accounting records. Please be aware, we do not deal with accounting procedures within various departments.

Please specify, if you have any type of problem to face from the side of the Excise department or the account department.

Raj Kumar Makkad (Expert) 06 January 2013
I do endorse the opinion of Ld. Dhingra G,

R.venkatesh Naidu (Expert) 14 January 2013
i do endorse the both experts advise

Karan Gaur (Querist) 16 January 2013
Respected Sirs,

Purpose of query:
If the accounting and excise records do not match date wise then what are the implications.

Raj Kumar Makkad (Expert) 16 January 2013
Your accounts shall not be authenticated in that event and thus shall not be relied upon which may further lead to penalty.

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