Hong Kong companyIn the normal operation process, the goods will be unsalable and the products will be outdated, which will lead to the failure of normal sales. Then, what are the regulations of Hong Kong audit on the disposal of these goods?

Recently, a customer has asked that they need to scrap a batch of goods, the reason is that the goods are specially customized for the customer. Due to the upgrade of the customer's products, the existing products are no longer suitable for the customer, so they need to scrap this batch of goods. We have asked what information we need to provide for the scrapping of goods and how to handle the accounting.

After confirmation with the Hong Kong auditor, normal goods scrapping shall be based on the "Description of goods scrapping Situation" and the corresponding "detailed list of goods" approved by the company. Finally, the scrapped goods will be transferred out of the inventory into non-operating expenses. Normal scrapping of goods can be normally deducted from profits tax.

So if yourHong Kong companyIt is normal for goods to be scrapped, but there should be normal commercial reasons for the relevant scrapping information.

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