X Ltd. forfeited 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and call money of Rs. 4 per share. These share were re-issued for Rs. 8 per share fully paid. What is the amount to be transferred to Capital Reserve A/c:
A. Rs. 300
B. Rs. 60
C. Rs. 30
D. Rs. 90
Answer: Option C
This Question Belongs to Commerce >> Accounting
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