A Ltd. forfeited 500 shares of M of Rs. 10 each fully called-up for non-payment of first call of Rs. 2 per share and final call of Rs. 2 per share. 300 of these shares were reissued at 9 per share, fully paid-up. What amount will be transferred to the Capital Reserve A/c?
A. Rs. 2,000
B. Rs. 1,200
C. Rs. 1,500
D. Rs. 1,800
Answer: Option C
This Question Belongs to Commerce >> Accounting
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