Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?
A. ₹ 700
B. ₹ 800
C. ₹ 900
D. ₹ 1,000
Answer:A
Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?
A. ₹ 700 B. ₹ 800 C. ₹ 900 D. ₹ 1,000