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Accounting entries
it assess running is a private hospital for covid-19 treatment Rs:6200/- per day (included meals, nurse charges,room rents, oxyzen charges etc) from patients.
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| Originally posted by : kollipara sundaraiah | ||
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it assess running is a private hospital for covid-19 treatment Rs:6200/- per day (included meals, nurse charges,room rents, oxyzen charges etc) from patients. Question: Assess how to accounting entries passed in books |
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It should be charged under respective heads of expenses and transferred to profit and loss account
Make sales entry by allocating amounts in respective accounts such as room charges, food charges, nurse charges, etc.
if the money is not paid at the time of raising invoice then debit the total sales amount to the patient's account
if the money is not paid at the time of raising invoice then debit the total sales amount to the patient's account
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