Question

39. The price of products sold or services rendered
(A) Decreases costing profit
(B) Increases costing profit
(C) Decreases financial accounts profit
(D) Increases financial accounts profit​

Answer 1

Answer:

(C) Decreases financial accounts profit.

Explanation:

hope its helpful.

Answer 2

Cost of Services Rendered

Explanation:

• The term 'Cost of Services Rendered' is employed with the profit and loss statement (income statement) for the value of sales section of the report.
• It is customarily related to service based business operations like professional firms, human labor providers and also the medical community.
• The following are the examples :

1. Interest on bank deposits and loans  
2. Profit on sale of investments  
3. Share transfer fees received, etc.

• These factors are added to the costing products.
• The price of products sold or services rendered decreases financial accounts profit.

The price of products sold or services rendered  will decreases costing profit