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How is the paid-in capital handled when Hong Kong company makes accounts?

Released Date: Jan 09,2022 Article Source: HUANZE

Hong Kong company registration is the same as the mainland with subscription system, as long as the shareholders subscribed to the share capital or registered capital can set up a company, but for the share capital or registered capital processing in Hong Kong and the mainland or some differences.

 Hong Kong company registration is the same as the mainland with subscription system, as long as the shareholders subscribed to the share capital or registered capital can set up a company, but for the share capital or registered capital processing in Hong Kong and the mainland or some differences.

inThe Hong Kong company does the books, whether or not the share capital or registered capital has been paid in full, accounting treatment is required. The share capital or registered capital into the shareholders receivable contribution, many customers can not understand the mainland for this not actually paid in place of the share capital or registered capital do not carry out accounting treatment, to be in place for accounting treatment. In order to force the auditor to cancel the accounting treatment, we have also communicated with the auditor, and the evidence given by the auditor is that "the total amount paid or deemed to have been paid" has been clearly stated in the column of capital stock and registered capital in the annual inspection receipt of the government every year. This is the support of audit evidence with credibility, the auditor will not just withdraw the adjustment based on the customer's oral instructions.  Therefore, in the audit of the company in Hong Kong, the share capital or registered capital must be reflected.

How is the paid-in capital handled when Hong Kong company makes accounts?

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