Transfer of retained earnings amount is allocated to the retained earnings account. Make the amount of the increase in retained earnings account. By no means affect the assets and the financial position of the company.
The transfer balance of retained earnings allocated to the retained earnings account. Thus increasing the amount of retained earnings account. Without affecting the assets and financial position of the company in any way.
Balance transfer accumulated profit allocated to the retained earnings account. The number of money in the account accumulated profit increase. Without affecting the assets and the financial position of the company.