1.

600 shares allotted to Mr. X, on which Rs.100 each called up, and Rs.50 paid up were forfeited and reissued for Rs.70 each as fully paid up. Amount transferrednto capital reserve A/c is

A. Rs.12,000
B. Rs.15,000
C. Rs.30,000
D. Rs.18,000
Answer» B. Rs.15,000


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