Where does petrol expenses come in profit and lost account?

Petrol expenses are recorded in the profit and loss account under the category of operating expenses or cost of goods sold (COGS), depending on their nature. If petrol is used directly in the production of goods, it may be classified under COGS. Otherwise, it is typically listed as a selling, general, and administrative expense (SG&A). Proper categorization helps in accurately assessing the company's profitability.