In a way-—it is “poor sales”..
Shoplifters do not PAY, so there is NO SALE TO RECORD on the books.
Normal bookkeeping entries:
A. Inventory increase==Debit
Cash paid out= Credit
B. Deposit sales income to bank account= Debit
Reduction in Inventory= Credit
SHOPLIFTING entries:
A remains the same
B becomes :
Shoplifting Expense===Debit
Inventory Reduction==Credit