banner_ad

accounting entries

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 February 2010 what will be the accounting entry when a payment is made to a hospital using credit card. ie in the books of hospital and also in the books of credit card co.
Profile Image

Nilesh Shah

Profile Image

Nilesh Shah (Expert)
26 February 2010 Nilesh Shah Replies:

In the books of the hospital

Bank a/c will be debited & Professional fees will be credited.

In the books of the credit card company,
Payer's a/c will be debited & Bank a/c anc service charges a/c will both be credited
Profile Image

CA Gangadhar Mishra

Profile Image

CA Gangadhar Mishra (Expert)
26 February 2010 In the books of hospital :
Bank A/c DR
To Prof.fees Cr
(naration from whom it is recd)
In the books of CC Co :
Dr Party's /customer's a/c
CR Bank a/c
(naration to whose bahalf it is paid)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details