Healthcare
Usage of Consignment Implants (Joints/Stents)
Recording the purchase and immediate usage of a medical device owned by a vendor until the moment of surgery.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Medical Supplies Expense (Implants) | Expense (+) | 3,000.00 | - |
| Accounts Payable: Device Vendor | Liability (+) | - | 3,000.00 |
💡 Accountant's Note
Hospitals often don't 'own' expensive implants (like artificial hips). They sit in the hospital, but the hospital only 'buys' them from the vendor the second they are put into a patient.
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