Solicitors Qualifying Examination (SQE) Practice Exa\

In a legal context, the term "professional charges" is appropriate for referring to a profit ledger. This term typically encompasses the various fees that legal professionals charge for their services and is commonly used in accounting and financial practices within law firms.

Professional charges include the actual fees billed to clients for legal work, which are recorded in a profit ledger to track income generated by the firm. This representation of income is essential for determining the firm’s financial health, assessing profitability, and ultimately managing the firm’s finances.

While options like "professional expenses" might refer to costs incurred in running the practice, and "fees for service" could be seen as a broader term for charges associated with specific legal services, they do not specifically convey the idea of tracking income in a profit ledger as well as "professional charges" does. "Revenue costs" generally relate to expenses and might not directly align with the concept of a profit ledger since it suggests costs rather than income or charges.