Accumulated earnings are net assets, that is, items related to owners' equity and equity capital. Cumulative surplus is also the amount accumulated by institutions after deducting the surplus realized over the years, and the amount generated by the partial change of net assets caused by the free transfer of assets.

What does the current surplus mean?

The current surplus means that the institution calculates the current income and then deducts the remaining expenses. In addition, when a business period is coming to an end, the institution will convert the amounts generated by all accounts to calculate the current surplus.