Why is there only one equity account on a sole proprietorship's balance sheet and multiple accounts in

Question:

Why is there only one equity account on a sole proprietorship's and multiple accounts in the equity section of a corporate Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...