Shrinkage is the difference between inventory that has been sold and inventory that was purchased by the business.

Name: Shrinkage is the difference between inventory that has been sold and inventory that was purchased by the business.
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Question

Quizplus · Accepted Answer

Shrinkage is caused by factors such as theft, damage, and inventory errors, resulting in a difference between the actual inventory and the inventory reported by the business.

Shrinkage Is the Difference Between Inventory That Has Been Sold