What are the different components of retained earnings?

May 2, 2022 ... Determine last fiscal year's retained earnings ending balance. In General Ledger, from the Setup menu, select Accounts. In the Account box, type ... May 8, 2024 ... For example, the cash account is a type of asset account, accounts payable is a liability account, and retained earnings is an equity account. In the Name box, enter a name for your prior year Retained Earnings account, for example Prior Year or Previous Year Profit/Loss . In the Type box, select ... ... accounts with a rate type of Average. This rate is used to translate accounts in the income statement and to build retained earnings. Current – Also ... RE - Retained earnings; OE - Other equity; DIV - Dividends. INC - Income (Account type: R). SALE - Sales revenue; RET - Returns and allowances. COS - Cost of ... distributed to shareholders in the form of dividends (System of National Accounts 2008 (2008 SNA), paragraph 7.139 and others; sixth edition of the Balance ... Proprietary fund types sometimes referred to as income determination, nonexpendable, or ... contributed capital account rather than retained earnings. Contributed ... Nov 5, 2020 ... ... type of account is 'Shareholder Distribution Account ... account, debit retained earnings and credit the shareholder's equity account. Toggle between All Accounts, or by Account Type with the Asset, Liability, Equity, Income ... For more information on the Retained Earnings account, use the ... Retained Earnings. Revenue Accounts. 4000, Product #1 Sales. 4020, Product #2 Sales. 4040, Product #3 Sales. 4060, Interest Income. 4080, Other Income. 4540 ...