Question: 30 shares of a company on which application money of Rs. 3 per share has been duly paid are forfeited for non payment of

30 shares of a company on which application money of Rs. 3

30 shares of a company on which application money of Rs. 3 per share has been duly paid are forfeited for non payment of allotment money of Rs. 3 each and first and final call of Rs. 4 each. These shares are then re-issued at Rs.8 per share fully paid. How much money should be transferred to capital reserve?

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