Allahabad company limited forfeited 50 shares of Rs. 10 each. Rs. 6 per share were paid on then. Out of these 10 shares were re-issued at Rs. 6.50 Per share fully paid up. Amount transferred to capital reserve will be
A. 65
B. 35
C. 25
D. 32.50
Answer: Option C
This Question Belongs to Commerce >> Accounting
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