kollipara sundaraiah (B.com) 14 May 2021

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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kollipara sundaraiah (B.com) 14 May 2021

Originally posted by : kollipara sundaraiah

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

Sourav (Student) 14 May 2021

It should be charged under respective heads of expenses and transferred to profit and loss account

veerendar singh (tax consultant) 15 May 2021

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

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