The Directors of Tivoli Plastics Ltd, resolved that 200 equity shares of ₹100 each be Forfeited for non-payment of the second and final call of ₹30 per share. Out of these, 150 shares were reissued at ₹60 per share as fully paid-up. How much amount will be transferred to Capital Reserve Account?

₹4,500

Share capital A/c      Dr          ₹20000
    To share forfeiture A/c                    ₹14000
    To share final call A/c                     ₹6000
(Shares forfeited)

Bank A/c                     Dr     ₹9000
Share forfeiture A/c      Dr    ₹6000
         To share capital A/c                ₹15000
(Reissue of shares)

Amount Related to 150 shares = 14000/200 X 150 = 10500
Amount transferred to capital reserve = 10500- 6000
                                                        = ₹4500