Inventory shrinkage is the difference between the inventory your records say you have and the inventory you actually have, valued at cost. You account for it by writing the missing units off the inventory asset account and recognizing the loss as an expense in the period you...
Inventory shrinkage is the difference between the inventory your records say you have and the inventory you actually have, valued at cost. You account for it by writing the missing units off the inventory asset account and recognizing the loss as an expense in the period you...
