revenue account

noun [C] ACCOUNTING

Definition

› (also UK profit-and-loss account) the part of a company's financial results showing details of income and expenses (= costs) for a particular period: The principal repayments of loans raised were taken off the balance sheet and put through the revenue account.

› one of a company's accounts showing details of money coming in from a particular activity: The city is leading a campaign to end the ring-fencing of councils' housing revenue accounts.

(Definition of revenue account noun from the Cambridge Business English Dictionary © Cambridge University Press)