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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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