revenue account Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “revenue account” in the English Dictionary

"revenue account" in Business English

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revenue accountnoun [C]

uk   us   ACCOUNTING
(also UK profit-and-loss account) the ​part of a company's ​financialresults showing details of ​income and expenses (= ​costs) for a particular ​period: The ​principalrepayments of ​loansraised were taken off the ​balance sheet and put through the ​revenueaccount.
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' ​housingrevenueaccounts.
(Definition of revenue account from the Cambridge Business English Dictionary © Cambridge University Press)
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“revenue account” in Business English

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