Z Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (Rs. 9 called up
Channel: Doubtnut
Date: 26/04/2020

Z Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (Rs. 9 called up) on which Rs. 4 of allotment (including premium) and first call of Rs. 2 has not been received. Out of these, 100 shares were re-issued as fully paid up for Rs. 9 per share. What is to amount to be transferred to capital Reserve ?