The directors of company forfeited 1,000 shares of Rs. 10 each, Rs. 7.5 paid-up for non-payment of call money @ Rs. 2.5 per share, 700 of this shares are re-issued @ Rs. 7 per share. The amount transfer to Capital Reserve A/c would be
A. Rs. 2,500
B. Rs. 3,150
C. Rs. 3,500
D. Rs. 5,400
Answer: Option B
This Question Belongs to Commerce >> Accounting
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