AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:
A. Rs. 800
B. Rs. 150
C. Rs. 650
D. Rs. 350
Answer: Option B
This Question Belongs to Commerce >> Accounting
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