In the context of inventory accounts, the difference between what is sold by a business and what was brought into it is known as ________.

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Shrinkage refers to the difference between the amount of inventory a business thinks it has and the amount it actually has due to loss, theft, or damage. It is important to track shrinkage to ensure accurate accounting and to identify and correct any issues in the inventory management process. Equity refers to the ownership interest in a business, supplier credit is a form of financing from suppliers, and factoring is a financial transaction where a business sells its accounts receivable to a third party at a discount.

In the Context of Inventory Accounts, the Difference Between What