revenue account

Definition

A type of account that shows a company's income from the sale of its goods and services as well as the expenses associated with the sales of those items.

Use revenue account in a sentence

You need to try and make sure that you always know ho much is in your revenue account and that it is enough.

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Apple provided its' revenue account to the public, showing how many sales it had made, as well as how much they had spent overall this fiscal year.

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For the audit, Arthur needed to know both company expenses and income so he asked the accounting department to compile applicable figures relating to the corporationïs revenue accounts.

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revenue permanent accounts