Advance fees collections from patients accepted
This query is : Resolved
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Kollipara Sundaraiah
(Querist)
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.
CA R SEETHARAMAN
(Expert)
16 January 2022
Yes, it's accepted. Account it as advance in the books of accounts.
Message likes :
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Kollipara Sundaraiah
(Querist)
17 January 2022
sir, advance fees collections from patients amount rs:10 lacs fees collections income added or not added
CA R SEETHARAMAN
(Expert)
17 January 2022
Not to be added as it's only advance.
Kollipara Sundaraiah
(Querist)
20 January 2022
sir, limit of advance from patient each person (rs:1,90,000/- or rs:10,000)
CA R SEETHARAMAN
(Expert)
20 January 2022
Rs 1,90,000 in cash allowed.
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