O Level IGCSE Accounting | Lecture 4 | Sole Trader – Cost of Sales Explained | SMA

O Level IGCSE Accounting – Lecture 4 | Sole Trader: Cost of Sales Welcome to Accounting with Sir Muzammil Abbas (SMA)! 💙💛 In Lecture 4, we continue learning about Sole Trader Financial Statements and focus on one of the most important parts of the Income Statement: Cost of Sales. In this lesson, we explain how to calculate Cost of Sales step by step and understand how different items affect the final figure. 📚 Topics Covered in This Lecture: ✅ What is Cost of Sales? ✅ Understanding the Cost of Sales formula ✅ Opening inventory and closing inventory ✅ Purchases and purchases returns ✅ Carriage inwards ✅ Calculating Cost of Sales in a Sole Trader question ✅ Understanding how Cost of Sales is used in the Income Statement 🎯 Who Should Watch This Lecture? • O Level / IGCSE Accounting students. • Students learning Sole Trader Financial Statements. • Beginners who want to understand Cost of Sales clearly. • Students preparing for Cambridge CAIE Accounting examinations. 📌 Learn Accounting with Sir Muzammil Abbas Subscribe for more O Level / IGCSE Accounting lectures, past-paper solutions, exam techniques, and step-by-step explanations. Build your concepts, practise regularly, and prepare confidently for your Accounting examinations! #OLevelAccounting #IGCSEAccounting #CostOfSales #SoleTrader #IncomeStatement #AccountingBasics #CAIEAccounting #AccountingWithSMA #SirMuzammilAbbas