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Accounting entries

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B.com
3020 Points Joined June 2012
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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On 14 May 2021 at 17:53 Report
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B.com
3020 Points Joined June 2012
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

 

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On 14 May 2021 at 17:55
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Chartered Accountant
24588 Points Joined November 2019
It should be charged under respective heads of expenses and transferred to profit and loss account
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On 14 May 2021 at 19:27
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tax consultant
3306 Points Joined October 2018
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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On 15 May 2021 at 08:10

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