All direct & indirect expenses related to the business are charged to the

Explanation:

Option A - Incorrect. Profit & Loss a/c is a nominal account and only indirect expenses related to the business concern are charged in it.

Option B -Incorrect. Trading A/c is a nominal account and only direct expenses related to the business firm are charged in it.

Option C - Correct. Trading and Profit & loss a/c is the financial statement that charges both direct and indirect expenses.

Option D - Incorrect. The balance sheet only shows the balance at the end of a particular year, an account head has. No direct and indirect expenses are charged to the balance sheet.

Final answer:

Hence, option C is the correct answer.Trading account and profit & loss account