⭐ Important points (exam-critical)
- ⭐Every adjustment hits final accounts twice (P&L and Balance Sheet).
- ⭐Manager's commission can be on profit before or after charging — read carefully.
- ⭐Goods withdrawn for personal use: deduct from purchases, add to drawings.
- ⭐Abnormal loss of stock: credit Trading A/c at cost; insurance claim shown separately.
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