The director of Doly Plastic Limited resolved that 300 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.60 per share to Manan. What will be the amount transferred to capital reserve?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
Rs 4,500