The accounting needs of a trading business differ from those of a service business because of the existence of inventory, which is also known as trading stock. Inventory includes all goods purchased by a trading business for the purpose of resale, which usually occurs at a higher price than the cost of the purchased item.
The operation of a trading business creates a need to record both the buying and the selling of such goods. This is in addition to the usual recording needs of the typical service business.
We are doing accounting for trading companies in Saudi Arabia as mentioned below.
- Private Limited Company for Trading
- Establishments (Electrical, Chemical and Building Materials)
- SAGIA - Saudi Arabia General Investment Authority