Bank charges are included in ...........while preparing the statement of profit and loss of a company.

Other expenses

The correct answer is option 3- Other expenses.

Other expenses is that category of expense in which all those expenses gone which are not gone in other subheads of expenses like finance costs, depreciation etc. Finance cost is the expenses towards interest charges during the year on the borrowings. Only the interest cost is to be shown under this head. Other financial expenses such as bank charges are shown under “Other Expenses”.

OTHER OPTIONS-

* Finance cost refers to the expenses incurred by a company in the form of interest charges on its borrowings or loans. When a company borrows money, it often has to pay interest on the borrowed amount. This interest cost is considered a finance cost and is reported in the company's income statement. Finance costs can include interest on bank loans, bonds, or any other form of debt.

* Current asset- Current asset refers to any asset that is expected to be converted into cash, sold, or consumed within a relatively short period, typically within one year or within the operating cycle of a business. 

* Employee benefits expense- Employee benefit expenses encompass various costs related to the compensation and well-being of employees, including salaries, wages, and additional benefits. This category includes direct monetary compensation like salaries and wages, as well as indirect benefits such as healthcare, retirement contributions, and leave encashment. These expenses are crucial for attracting and retaining skilled employees and are reported in the company's income statement as a part of the overall operating expenses.