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emraan1
Sep 23, 2015, 03:14 AM
Dear sir,

I am working as accountant in a medical center I need help on the following transactions for each patient.

1. a doctor receive cash 100 on consultation from patient
2. receiving 20% co pay on the total amount as per insurance plan. For example which is 40 on 200.
3.claiming the remaining amount which is 160 to insurance
4. receiving amount 100 from company (160-100=60)
5.insurance coordinator claim again the amount 60 but nothing received at all.


please help me for the above transactions.how to post in general journal and ledger.
and tell me the process of which accounts will be affected.

Fr_Chuck
Sep 23, 2015, 05:02 AM
If you are working as the accountant, (and not really a student and this is homework) please quit that job, as you need to know basic skills for this position.

paraclete
Sep 23, 2015, 05:26 PM
1 Cash/Income
2.Cash/income/
3. debtors/income
4. cash/debtors
5. wait and see otherwise income/debtors

You need to get the billing sorted out so you have a debtors ledger

As Chuck says some basic accounting training would be useful

A set of books comprises a Journal and a Ledger supported by various documents however for practical purposes there are subsidiary journals and subsidiary ledgers.

Students see transactions in terms of the general ledger and journal entries for individual transactions which may not be practical in every day commercial usage