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Author Topic: retail shrinkages  (Read 524 times)

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Offline Satish1424

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retail shrinkages
« on: July 14, 2015, 11:16:43 AM »
Hi,Am a retail store manager i have signed on companies protocol saying that am whole and sole responsible of that stores asserts and for the stocks,but what happened in my first stock audit auditor found 5lakhs rupees of shortage, in my route cause actually its happened in last audit but that time the auditor was not declared that shortage now my company is asking me to pay the 5lakhs rupees shortage amount otherwise they want to go for legal proceedings pls help me in this regards how can i come out from this problem.......   

Offline kphk

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Re: retail shrinkages
« Reply #1 on: July 15, 2015, 11:19:23 AM »
What other clauses related to your responsibility are incorporated in the contract that you have signed ? There is always a degree of reasonableness in any contract. Other than you who all have access to the store? When was the last audit? Why was it not declared ? Though it was not declared do you think the management could have found that out last time itself?

 

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