M/s Rivera Ltd. forfeited 300 equity shares of Rs.10 each issued at par for non payment of Rs.4 per hare by the holder These shares are reissued at Rs.5 share as fully paid.what is the amount to be transferred to capital reseve a/c?

M/s Rivera Ltd. forfeited 300 equity shares of Rs.10 each issued at pa

1.	M/s Rivera Ltd. forfeited 300 equity shares of Rs.10 each issued at par for non payment of Rs.4 per hare by the holder These shares are reissued at Rs.5 share as fully paid.what is the amount to be transferred to capital reseve a/c?
A.	Rs.300
B.	Rs.500
C.	Rs.600
D.	Rs.800
Answer» B. Rs.500