The charges of placing commodities into a saleable condition should be charged toA) Trading accountB) P & L a/cC) Balance SheetD) None of the above

The charges of placing commodities into a saleable condition should be charged to A) Trading account.

Here's why:

1. The trading account is the part of the final accounts of a business which is used to ascertain the gross profit (or gross loss) of a business activity.

2. The cost of goods sold (COGS) is recorded in the trading account. COGS includes the direct costs attributable to the production of the goods sold by a company.

3. The charges of placing commodities into a saleable condition are part of these direct costs. This is because these charges are directly linked to the goods and their sale.

4. Therefore, these charges should be recorded in the trading account, not the Profit & Loss account or the Balance Sheet.

5. The Profit & Loss account is used to ascertain the net profit or loss of the business, and it includes indirect expenses and revenues, not the direct costs of goods sold.

6. The Balance Sheet is a statement of the assets, liabilities, and capital of a business at a particular point in time, and it doesn't record the costs related to the sale of goods.

So, the correct answer is A) Trading account.