Question

X Ltd. forfeited 200 shares of Rs. 10 each on
which Rs. 6 per share were paid. The company
reissued 150 shares as fully paid up on a
payment of Rs. 4 per share. What amount will
be transferred to Capital Reserve A/c?​

Answer 1

Answer:

₹1,200/200 shares × 150 shares - ₹900

= Nil.