Cash losses due to shoplifting and employee theft are called ________.

Question

Quizplus · Accepted Answer

The term used to describe cash losses due to shoplifting and employee theft is shrinkage. Option A is incorrect because accounts receivable refers to money owed to a company by its customers. Option B is incorrect because unrecoverables refer to debts that are unlikely to be collected or repaid. Option D is incorrect because fraud refers to deliberate deception, dishonesty, or cheating for financial gain.

Cash Losses Due to Shoplifting and Employee Theft Are Called