shrinkage definition

shrinkage

Difference between book-inventory and physical-inventory due to counting or recording errors, or resulting from pilferage, spoilage, theft, or wastage.

shrinkage is in the Accounting & Auditing, Banking, Commerce & Finance and Inventory Control & Storage subjects.

shrinkage appears in the definitions of the following terms: inventory carrying cost, inventory cost, wastage and reliction

shrinkage appears in these other terms: shrinkage factor, inventory shrinkage

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