Advance fees collections from patients accepted
This query is : Resolved
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16 January 2022
Sir,
A person accounting records maintained for hospital.advance fees collections from patients rs:10 lacs show in books.
Question:
Advance fees collections received from patients accepted in it act and how the accounting entry passed in books.
A person accounting records maintained for hospital.advance fees collections from patients rs:10 lacs show in books.
Question:
Advance fees collections received from patients accepted in it act and how the accounting entry passed in books.
16 January 2022
Yes, it's accepted. Account it as advance in the books of accounts.
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17 January 2022
sir, advance fees collections from patients amount rs:10 lacs fees collections income added or not added
17 January 2022
Not to be added as it's only advance.
20 January 2022
sir, limit of advance from patient each person (rs:1,90,000/- or rs:10,000)
20 January 2022
Rs 1,90,000 in cash allowed.
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