Shrinkage (accounting)
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In accounting, inventory shrinkage (sometimes shortened to shrinkage or shrink) occurs when a retailer has fewer items in stock than in the inventory list due to clerical error, goods being damaged, lost, or stolen between the point of manufacture (or purchase from a supplier) and the point of sale.
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See also
- Acceptable loss
- Breakage, used for items which remain in inventory, but go unsold
- Retail loss prevention
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