As the table below shows revenue and expense accounts are sub-categories of equity.
There are numerous types of revenue and expense accounts. The collection of all asset, liability, equity, revenue and expense accounts is called the general ledger accounts. Some of the more typical revenue and expense accounts are described below.
Revenue Accounts
Sales: income from selling goods to customers.
Interest Income: income from lending money or extending credit to customers.
Rental Income: income from leasing property.
Service Fees: income from the provision of services such as law, medicine, and accounting.