"A company re- issued 150 shares out of 450 shares of Rs 10 at Rs 8 as fully paid up. The balance in forfeiture Account for 450 shares was of Rs 1500. How much amount would be transferred to Capital Reserve Account?"

₹200

Bank A/c Dr. 1200
Share Forfeiture A/c Dr. 300
       To Share Capital A/c       1500
(Reissue of 150 forfeited shares at Rs. 8 per share as fully paid)
The balance in forfeiture Account for 450 shares was of Rs 1500.
Amount related to 150 shares = 1500/450 x 150
                                                = ₹500
This shall leave a balance of Rs. 200 (500-300) in share forfeited account which should be transferred to Capital Reserve Account by recording the following journal entry:
Share Forfeiture A/c Dr. 200
       To Capital Reserve        200
(Profit on reissue of forfeiture)