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English definition of “revenue account”

revenue account

noun [C]
 
 
ACCOUNTING
( 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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