[Context based on Mona Ltd.] Out of the forfeited shares, $150$ shares were reissued at $\text{Rs. }8$ per share fully paid up, including the whole of Mr. Sharma's shares ($100$ shares). The remaining $50$ shares were from Mr. Verma's forfeited shares (who held $200$ shares and failed to pay call money).Calculate the amount transferred to the Capital Reserve.

1. Forfeiture amount from Mr. Sharma:Total money received from Mr. Sharma $=120\text{ applied shares}\times 3=\text{Rs. }360$ Since allotment was unpaid, the security premium was not received, so the entire $\text{Rs. }360$ is credited to Share Forfeiture.Forfeiture amount from Mr. Verma:Shares held $=200$ Failed to pay call money ($\text{Rs. }4$), meaning he paid application ($\text{Rs. }3$) and allotment ($\text{Rs. }4$, containing $\text{Rs. }1$ premium).Premium received is excluded from forfeiture. Thus, forfeited capital amount per share $=\text{Rs. }3\text{ (application)}+\text{Rs. }3\text{ (allotment capital)}=\text{Rs. }6$ per share.Proportionate Forfeiture on Reissued Shares ($150$ shares):From Mr. Sharma ($100$ shares): Full forfeiture balance $=\text{Rs. }360$ From Mr. Verma ($50$ shares): $50\text{ shares}\times \text{Rs. }6=\text{Rs. }300$ Total forfeiture balance available for these $150$ shares $=360+300=\text{Rs. }660$ Discount allowed on reissue:Reissue price $=\text{Rs. }8$ per share (Fully paid face value $=\text{Rs. }10$)Discount per share $=10-8=\text{Rs. }2$ Total discount allowed on $150\text{ shares}=150\times 2=\text{Rs. }300$ Transfer to Capital Reserve:$\text{Capital Reserve}=\text{Available Forfeiture}-\text{Reissue Discount}$$\text{Capital Reserve}=660-300=\text{Rs. }360$