Closing stock needs to be zero

[Lurch]

This from the other day I think is similar.

Handling stock that is no longer going to be used?

Hi All I formed a company essentially to produce a consumer electronic product. With Covid and one thing and another the product will no longer be sold. I had asked previously about how to handle stock movement when it goes from being bought to built into a product and then sold from an accounting point of view. the post is Handling stock inventory Well things haven’t gone well for this product and the stock that I have ordered for them is essentially now worthless. This is about £15k worth o…