Revenue Sharing Definition In Accounting
Revenue sharing a government unit s apportioning of part of its tax income to other units of government.
Revenue sharing definition in accounting. Revenue sharing can exist as a profit sharing system that ensures. Commonly known as revenue sharing indirect compensation refers to fees generally collected from plan investments that are passed through to other service providers. For example a partnership shares revenue between partners in accordance with each one s share in the company. For example provinces or states may share revenue with local governments or national governments may share revenue with provinces or states.
Revenue sharing is a somewhat flexible concept that involves sharing operating profits or losses among associated financial actors.