A limited company forfeited 100 shares of Rs 10 each fully...

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A limited company forfeited 100 shares of Rs. 10 each fully called up on which Rs. 4 per share was paid up. The company reissued 50 shares at the rate of Rs. 8 each. The amount transferred to Capital Reserve will be

A. Rs. 500

B. Rs. 200

C. Rs. 250

D. Rs. 100

Answer: Option D

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