how to account for manufacturing profit and the elimination of unrealised profit from unsold inventory

the effect on profit/loss and asset value of the incorrect treatment of capital and revenue expenditure

how to calculate and record the adjustments needed and the effect on financial statements in respect of: accruals and prepayments of income and expenses, irrecoverable debts, irrecoverable debts recovered and allowance for irrecoverable debts, depreciation, inventory valuation, correction of errors