ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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EXECUTE is to carry out an internal control procedure, such as to sign and mail a check after inspecting supporting documents.
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SHRINKAGE is: 1. the amount by which something shrinks; 2. process or result of becoming less or smaller (Example: "The material lost 2 inches per yard in shrinkage") or, 3. the act of stealing goods that are on display in a store (Example: "Shrinkage" is the retail trades euphemism for shoplifting).
ACCOUNT is the detailed record of a particular asset, liability, owners equity, revenue or expense.