A company forfeited 300 shares of ₹10 each (₹9 called up) on which ₹4 of allotment and the first call of ₹2 has not been received. Out of these, 100 shares were re-issued as fully paid up for ₹9 per share. What is the amount that will be transferred to the capital Reserve?

₹200

Amount called up = 300 X 9 = ₹2700
Amount forfeited = 300 X 3 = ₹900(Received amount)
Reissue of 100 shares @9, So amount belong to 100 shares = 900/300 X 100 = ₹300.
100 shares are re issued at ₹9 means 100 X 1 = ₹100 will be taken from share forfeiture account.
Amount transferred to capital reserve = 300 - 100
                                                            = ₹200