Receipt entry from General Insurance
This query is : Resolved
18 December 2021
Sir,
I am Newly join hospital industry please suggest as follows
When received the Amount from Medical Insurance Claim from Insurance company of One Patient Total Bill amount of Rs. 100000/- details as follows
Receipt of Rs. 75000/-
Deduction : - MOU Deduction of Rs. 10000/-
disallowed of Rs. 5000/-
TDS of Rs. 10000/- (10%)
Please suggest the Receipt Entry
Durga Prasad
New
I am Newly join hospital industry please suggest as follows
When received the Amount from Medical Insurance Claim from Insurance company of One Patient Total Bill amount of Rs. 100000/- details as follows
Receipt of Rs. 75000/-
Deduction : - MOU Deduction of Rs. 10000/-
disallowed of Rs. 5000/-
TDS of Rs. 10000/- (10%)
Please suggest the Receipt Entry
Durga Prasad
New
18 December 2021
Cr. Insurance company Rs. 95,000/-
Dr. Bank Rs. 75,000/-
Dr. Commission paid acc Rs. 10,000/-
Dr. TDS acc Rs. 10,000/-
Dr. Bank Rs. 75,000/-
Dr. Commission paid acc Rs. 10,000/-
Dr. TDS acc Rs. 10,000/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- ITR 44AD SECTION
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
