Y Ltd. forfeited 400  shares of Rs. 10 each, Rs. 7 called up, for non-payment of first ca
Channel: Doubtnut
Date: 2020-04-26

Y Ltd. forfeited 400  shares of Rs. 10 each, Rs. 7 called up, for non-payment of first call of Rs. 2 per share. Out of there, 300 shares were reissued for Rs. 6 per share as Rs. 7 paid up. What is the amount to be transferred to Capital Reserve Account ?