revenue account
noun[C]
ACCOUNTINGukus(alsoUKprofit-and-loss account)
thepartof a company'sfinancialresultsshowingdetailsofincomeandexpenses(=costs)for aparticularperiod:
Theprincipalrepaymentsofloansraisedwere taken off thebalancesheetand put through therevenueaccount.
one of a company'saccountsshowingdetailsofmoneycoming in from aparticularactivity:
Thecityisleadingacampaignto end the ring-fencing ofcouncils'housingrevenueaccounts.