Retail
Inventory Shrinkage (Theft/Error)
Adjusting inventory records after a physical count reveals a shortage compared to the system.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Inventory Shrinkage Expense | Expense (+) | 350.00 | - |
| Merchandise Inventory | Asset (-) | - | 350.00 |
💡 Accountant's Note
Shrinkage accounts for theft, breakage, or administrative errors that cause the physical stock to be lower than the books.
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