Meaning of “revenue account” in the English Dictionary

business-english dictionary

"revenue account" in Business English

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revenue accountnoun [ C ]


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)