Explain the following adjustment and their treatment in Final Accounts: (i) Loss of stock by fire (ii) Goods given away as charity and samples. (iii) Goods were taken by the proprietor for personal use.

Explain the following adjustment and their treatment in Final Accounts

1.	Explain the following adjustment and their treatment in Final Accounts: (i) Loss of stock by fire (ii) Goods given away as charity and samples. (iii) Goods were taken by the proprietor for personal use.
Answer» Explain the following adjustment and their treatment in Final Accounts: (i) Loss of stock by fire (ii) Goods given away as charity and samples. (iii) Goods were taken by the proprietor for personal use.