Revenues Bookkeeping Account
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An Revenues Bookkeeping Account is an bookkeeping account that represents revenue transactions.
- Context:
- It can be composed of Revenues Sub-Accounts (e.g. taxes revenue, operating revenue, ...).
- Example(s):
- Counter-Example(s):
- an Expenditure Account.
- an Assets Account.
- a Liabilities Account.
- a Funds Account.
- See: Chart of Accounts, Property Tax, Sales, Government Finance Glossary.
References
2015
- http://www.mass.gov/anf/budget-taxes-and-procurement/state-budget/budget-process/budget-glossary.html#gR
- QUOTE: Funds received by the Commonwealth from a variety of sources including taxes, federal reimbursements, federal grants, lottery revenue, assessments, motor vehicle license fees and registrations, fees and investment earnings.
- http://finance.vermont.gov/faq/state_glossary#R
- QUOTE: Revenue - The income attributable to a designated fiscal accounting period that will affect the balance (surplus) or deficit resulting from the operations of that period. Certain items earned during that period are also considered revenue of that period even though the cash is not received until a subsequent period.