Accounting entries passed in books for hospital

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3024 Points Posted on 25 June 2021

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.

Replies (3)

My grammar is 💯 good I

7301 Points Posted on 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