The price of products sold or services rendered
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The term 'Cost of Services Rendered' is used with the profit and loss statement (income statement) for the cost of sales section of the report. It is customarily associated with service based business operations such as professional firms, human labor providers and the medical profession.
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Explanation:-
The term 'Cost of Services Rendered' is used with the profit and loss statement (income statement) for the cost of sales section of the report. It is customarily associated with service based business operations such as professional firms, human labor providers and the medical profession.
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