Healthcare
Medical Supplies Expiry/Wastage
Adjusting pharmacy or clinic inventory for medicine that has passed its expiration date.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Supplies Wastage Expense | Expense (+) | 300.00 | - |
| Medical Supplies Inventory | Asset (-) | - | 300.00 |
💡 Accountant's Note
In healthcare, tracking expiry is critical. Expired items are written off to ensure the asset value on the balance sheet is not overstated.
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