B Ltd. forfrited 300 shares of Rs. 100 each, Rs. 70 called up, for non-payment
Channel: Doubtnut
Date: 2020-04-26

B Ltd. forfrited 300 shares of Rs. 100 each, Rs. 70 called up, for non-payment of first call of Rs. 20 per share. Out of these, 200 shares were reissued for Rs. 60 per share as Rs. 70 paid up. What is the amount to be transferred to Capital Reserve Account ?