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X Ltd forfeited 30 shares of Rs 10 each fully called...

This question belongs to Commerce Accounting
Accounting
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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:

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Correct Answer: Option C
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