This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...

this chapter also covers revenue accounting. Generally accepted accounting principles (GAAP) is a technical accounting term that encompasses the conventions, rules and procedures necessary to define ...

There's no match of revenue against expenses in a fixed accounting period, so comparisons of previous periods aren't possible. See full definition Accountant ...