A limited liability company forfeited 30 shares of Rs. 10 each (fully called-up) for non payment of allotment amount of Rs. 3 per share and call amount of Rs. 4 per share. These shares were re-issued at Rs. 8 per share. In such situation amount transferred to capital reserve will be

The correct answer is B. Rs. 60.

The amount transferred to capital reserve is the difference between the amount received on re-issue and the amount originally received on allotment and call. In this case, the amount received on re-issue is Rs. 8 x 30 = Rs. 240. The amount originally received is Rs. 3 x 30 + Rs. 4 x 30 = Rs. 180. Therefore, the amount transferred to capital reserve is Rs. 240 – Rs. 180 = Rs. 60.

Option A is incorrect because it is the total amount of the forfeited shares. Option C is incorrect because it is the amount received on re-issue of the shares. Option D is incorrect because it is the total amount received on allotment and call.