Shrinkage costs

From CNM Wiki
Revision as of 13:48, 11 July 2020 by QiratH (talk | contribs) (Created page with "Shrinkage costs is costs that result from theft by outsiders, embezzlement by employees, misclassifications, and clerical errors. ==Definitions== According to Cost Acco...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Shrinkage costs is costs that result from theft by outsiders, embezzlement by employees, misclassifications, and clerical errors.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Shrinkage costs. Costs that result from theft by outsiders, embezzlement by employees, misclassifications, and clerical errors.