Mr. X forfeited 100 share of Rs. 10 each on which payment of Rs. 2 per share in the first call and Rs. 3 per share in the final call was not received. These shares were re-issued at a deduction of Rs. 1.50 paise per share. Amount transferred to capital reserve will be
A. Rs. 350
B. Rs. 500
C. Rs. 150
D. Rs. 50
Answer: Option A
This Question Belongs to Commerce >> Accounting
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