CBSE 2023 · Region 2 · Set 2 · Q1

Rad he Ltd. forfeited $\displaystyle 500$ shares of ₹ $\displaystyle 10$ each fully called up for non-payment of final call of ₹ $\displaystyle 3$ per share. $\displaystyle 300$ of these shares were reissued at ₹ $\displaystyle 8$ per share as fully paid-up. The amount credited to Capital Reserve Account was :

OR

A Company forfeited $\displaystyle 1000$ shares of ₹ $\displaystyle 10$ each, ₹ $\displaystyle 7$ called up for non-payment of first call of ₹ $\displaystyle 2$ per share. A11 these shares were reissued at ₹ $\displaystyle 5$ per share ₹ $\displaystyle 7$ paid up. The amount transferred to Capital Reserve Account was :