E-commerce
Landed Cost — Freight, Duty & Clearing Fees
Adding the full cost of getting inventory to the warehouse (shipping, insurance, customs, clearance).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Merchandise Inventory | Asset (+) | 2,800.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 2,800.00 |
💡 Accountant's Note
Under IAS 2, inventory must be recorded at its full cost to bring it to its present location and condition. Freight, insurance, import duties, and clearance fees are all capitalized into inventory cost.
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Expert Analysis by Qusai Ahmad
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