If inventory is stolen it should be recorded as expense, liability, or withdrawal?

Question

If inventory is stolen it should be recorded as expense, liability, or withdrawal?

Answer 1

expense

Answer 2

Generally stolen inventory is accounted for as a selling expense in the retailing industry. I'm not sure what you mean by withdrawl as it relates to bookkeeping, but either way expense is looking like the best option of the three.

Answer 3

Expense.

Answer 4

withdrawal