[amp_mcq option1=”a ledger account” option2=”profit and loss a/c” option3=”balance sheet” option4=”a statement” correct=”option2″]
The correct answer is: B. profit and loss a/c
Operating costs are the costs incurred in running a business on a day-to-day basis. They are usually recorded in the profit and loss account, which is a financial statement that shows a company’s revenues, expenses, and net income.
The other options are incorrect because:
- A ledger account is a record of all the transactions that affect a particular asset, liability, equity, income, or expense account.
- A balance sheet is a financial statement that shows a company’s assets, liabilities, and equity at a specific point in time.
- A statement is a general term for any document that provides information about something.