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Can I add a penalty paid on inventory at port to the cost of my inventory ?

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Can I add a penalty paid on inventory at port to the cost of my inventory ?

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by aditya7.
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  • March 1, 2020 at 8:54 am #563614
    aditya7
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    So if a company has its goods delivered to the port and doesn’t not collect it in time. Hence has to pay a fine/penalty while collecting it after a few days, can that penalty be capitalized to the cost of the inventory ?

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