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You should offset it to Cost of Goods sold. It should be done thru Write-off of Goods.

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You should offset it to Cost of Goods sold. It should be done thru Write-off of Goods.

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As a reduction to merchandise inventory

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By taking a physical count. They will take their recorded amount and subtract the physical count to analyze inventory shrinkage.

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yes

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Inventory shrinkages occurs when good disappear from a company's inventory for an unknown reason. For example employee theft or damage.

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