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Manuel inventory systems are used with no technology and inventory is physically counted. The problems with this type of system include that they are time consuming, counts can be off and cost the company money, and ordering supplies can be off if the inventory is not done correctly.
hospital inventory consists of medical supplies, surgical supplies and lab and radiology items stocked by the hospital stores. The inventory module is integrated with all financial modules such as Accounts Payable, Accounts Receivable and General Ledger as well as relevant Hospital Information System (HIS) modules such as Nursing stations, Medical Departments, OR and pharmacy.
Debit supplies expensesCredit supplies inventory
Debit supplies expensesCredit supplies inventory
debit supplies expensecredit supplies inventory
debit supplies expensecredit supplies inventory
[Debit] Supplies expenses [Credit] Supplies Inventory
manufacturing supplies is equal to factory overhead
Debit supplies expenseCredit supplies inventory
debit supplies expenses 200credit supplies inventory 200
inventory
debit supplies expenses 600credit supplies inventory 600