income account

income account definition - business

income account

In accounting, one or more accounts used to record various types of revenue, including sales, interest income, and income from the sale of assets. Compare expense account 1.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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