The director of Priya polymer Limited resolved that 200 equity shares of Rs. 100 each be forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were re-issued at Rs. 60 per share to Monit. The amount of capital reserve will be:

Let's calculate step by step:Calculate the amount forfeited per share:Face Value = $\text{Rs. }100$ Unpaid Call Amount = $\text{Rs. }30$ Amount paid up (Forfeited per share) = $100-30=\text{Rs. }70$ Calculate the total forfeited amount for the 150 shares being reissued:
$$\text{Forfeited amount for 150 shares}=150\times 70=\text{Rs. }10,500$$
Calculate the discount given on reissue:The shares were reissued at $\text{Rs. }60$ per share as fully paid up ($\text{Rs. }100$).Discount allowed per share on reissue = $100-60=\text{Rs. }40$ Total discount allowed on reissue for 150 shares = $150\times 40=\text{Rs. }6,000$ Calculate the transfer amount to Capital Reserve:
$$\text{Capital Reserve}=\text{Proportional Forfeited Amount}-\text{Discount on Reissue}$$
$$\text{Capital Reserve}=10,500-6,000=\text{Rs. }4,500$$