P Ltd. forfeited 150 shares of Rs. 10 each, issued at a premium of Rs.2 ,for non-payment of the
final call of Rs. 3. Out of these, 100 shares were reissued at Rs.11 per share. How much amount
would be transferred to capital reserve?
(a) Rs. 700
(6)Rs.500
(c) Rs.1,200
(d) Rs.300
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