Posted By:Krishna Jani
Updated: 19 July, 2023Published: 12 July, 2023
Reading Time: < 1 minute

Inventory shrinkage happens when the actual inventory count is less than what is reflected on the balance sheet of the business. The discrepancy could be the result of employee theft, shoplifting, clerical error, vendor fraud, damage, or cashier error, among other things.

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