Tally

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

kollipara sundaraiah (B.com)     25 June 2021

Accounting entries passed in books for hospital

A Doctor running a private hospital covid-19 patients treatment in hospital. fees collections from one patients detailes mentioned below.

fees  disfctional charges rs:400/-

medical personnel rs:3400/-

ppe kit rs:500/-

medicines rs:3500/-

food charges rs:400/-

lab charges rs:800/-

total amount collected charges rs:9000/- from patient and lab charges and food charges another contract persons paid.

Question:

above transactions how to passed procedure accounting entries in books for hospital account.



 3 Replies

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     25 June 2021

COVID-19 Ledger      
Dr Cr      
To Revenue   1300 By Covid 19 Debtors   9100      
To Bank     4400 (Balance c/d)          
To Salaries Payables 3400              
Total     9100 Total     9100      
                     
Journal Entries                  
By Debtors  9100                  
To Revenue 1300                
To Bank/ Payables 4400                
To Salaries Payables 3400                
                     
Workings:                  
disinfection charges 400 Material already purchased like curtains, bed etc and this is revenue
PPE Kit     500 Inventory and fully paid from bank      
Medicines   3500 Inventory and fully paid from bank      
Food Charges   400 Inventory, services fully covered from Revenue    
Lab charges   800 This is income as well        
Staff expenses   3400 Salaries Payables          
                     
                     
yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     25 June 2021

The above is just a rough work and you need to classify each cost and check out where have they been previously recognised and create this ledger.

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     25 June 2021

Sry these are the journal entries

Journal Entries  
By Debtors  9100  
By Inventory 4400
By Salary expenses 3400
To Revenue 9100
To Bank/ Payables 4400
To Salaries Payables 3400

 

So update the ledger accordingly and reconcile them with other ledgers. If you cant get it let me know, I will sort it out.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags