Healthcare
Physician Recruitment Loan (Forgivable)
Recording an advance payment to a new doctor that is 'forgiven' if they stay for 3 years.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Physician Recruitment Loans | Asset (+) | 50,000.00 | - |
| Cash in Bank | Asset (-) | - | 50,000.00 |
💡 Accountant's Note
To attract doctors, hospitals give large cash sign-on bonuses. These are recorded as assets and then 'forgiven' (expensed) over several years of service.
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