As shareholders holding 500 shares of Rs. 10 each issued at 10% discount pays Rs. 2 on application and Rs. 3 on allotment. However he fails to pay Rs. 3 on first call. His shares were forfeited and re-issued at Rs. 6 per share. Amount transferred to capital reserve will be
A. Rs. 1,000
B. Rs. 2,000
C. Rs. 2,500
D. Rs. 3,000
Answer: Option A
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