ALLOWANCE FOR DOUBTFUL DEBTS Definition

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ALLOWANCE FOR DOUBTFUL DEBTS see ALLOWANCE FOR BAD DEBTS.

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GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.

INVENTORY SHRINKAGE is a reduction in the physical amount of inventory that is not easily explainable. The most common cause of shrinkage is theft.

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