A Ltd. makes an issue of 10,000 equity shares of Rs. 100 each payable as follows: ….

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A Ltd. makes an issue of 10,000 equity shares of Rs. 100 each payable as follows:

On application and allotment	Rs.	50
On first call	Rs.	25
On second and final call	Rs.	25

Members holding 400 shares did not pay the second call and the shares are duly forfeited, 300 of which are reissued on fully paid at Rs. 80 per share. Then the amount transferred to capital reserve will be

Options :-

1. Rs. 16,500
2. Rs. 16,000
3. Rs. 15,000
4. None of these

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