Q-20 300 shares of Rs.10 each were issued at Rs.5 per premium. only Rs.4 per share on application has been paid on
these shares. These shares were forfeited. Later on out of these, 200 shares were reissued at Rs.12 per share as fully
paid. What will be amount of capital reserve?
(a) Rs. 500 (b)Rs 1,200
(d) Rs.1800
(c) Rs.200
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Answer is 1200.I have explained briefly in the following images.
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The amount of capital reserve is 1800
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