partnership

Examples of partnership in the following topics:

• Introduction to the Retained Earning Statement

  • The Statement of Shareholder's Equity is also known as the Equity Statement, Statement of Owner's Equity (single proprietorship), Statement of Partner's Equity (partnership), and Statement of Retained Earnings and Stockholders' Equity (corporation).
  • Generally, retained earnings are the accumulated net income of the corporation (proprietorship or partnership) minus dividends distributed to stockholders.

• What Goes on the Balances Sheet and What Goes in the Notes

  • In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation, or other business organization, such as an LLC or an LLP.

• Introduction to the Balance Sheet

  • The balance sheet is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation, or other business organization, such as an LLC or an LLP.