What are the equivalent accounts for retained profits in non-corporate entities?

At the end of each accounting period, retained earnings are reported on the balance sheet as the accumulated income from the prior year (including the current ... 3060 Retained Earnings. 3600 Equity in TCA. 3999 Total Equity. REVENUE. 4000 ... 5150 Accounting/Auditing/Legal. 5160 Bad Debt Expense. 5170 Memberships ... Paid In Capital (Equity doesn't close); Retained Earnings (Equity – Retained Earnings); Dividends Paid (Equity – gets closed). In a corporation, you cannot ... What type of account is a retained earnings account? A retained earnings account is an equity account. At the end of a given reporting period, any net income ... Form 990: Core Form ... An adjustment can be made to spread the balances from retained earnings and net income into the appropriate nonprofit net assets accounts. Adjusted Retained Earnings acquired through Business ... NET INCOME (UNLESS THIS AMOUNT IS ALREADY INCLUDED IN UNDIVIDED EARNINGS)(ACCOUNT 602). 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 ... This net income is then added to the balance sheet as retained earnings, which is a type of Equity account. Below are the standard Income and Expense accounts ... because reinvested earnings are recorded only for equity in direct investment and investment funds, but not for other types of equity, it may be useful for some ... In governmental accounting, we have specific names for retained earnings as well, depending on fund type. ... form, like inventories or prepaids (i.e. ...