Dispatch Date
The date goods actually left the seller's premises or control otherwise transferred to the buyer — the fact a cut-off test is ultimately trying to compare against the date revenue was recognised, and a field most accounting systems don't store on the invoice itself.
Related terms
- Director's Responsibility Statement
A statement included in the Board's Report under Section 134, in which the directors affirm their responsibility for the financial statements, internal financial controls, and compliance with applicable laws.
- Disclaimer of Opinion
Issued when the auditor is unable to obtain sufficient appropriate evidence and the possible effects could be both material and pervasive — the auditor does not express an opinion at all.
- Duplicate Invoice
The same purchase invoice entered into the books more than once, whether through re-entry, a restored backup, or two near-identical vendor records.
- E-Invoice
An invoice authenticated electronically through the GST Invoice Registration Portal (IRP), generating a unique Invoice Reference Number (IRN), mandatory for specified turnover thresholds.
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252 terms in total, or go deeper with working procedures and worked examples in the resource library.