Question

600 shares allotted to Mr. X, on which Rs.100 each called up, and Rs.50 paid up were forfeited and reissued for Rs.70 each as fully paid up. Amount transferred to capital reserve A/c is a) Rs.12,000 b) Rs.15,000 c) Rs.30,000 d) Rs.18,000

Answer 1

option C will be the answer