This question involves the accounting treatment of share forfeiture and re-issue, specifically calculating the amount transferred to the Capital Reserve account.

Understanding Share Forfeiture and Re-issue

When a company forfeits shares, it means the company cancels existing shares because the shareholder has failed to make required payments (calls). The amount already paid by the shareholder on these forfeited shares is typically transferred to a 'Forfeited Shares' account. When these forfeited shares are re-issued, the difference between the amount forfeited on those specific shares and the discount given on re-issue is transferred to the Capital Reserve.

Step 1: Calculate the Amount Forfeited Per Share

The details provided are:

• Face Value per share = Rs. 100
• Amount of Final Call (Unpaid) = Rs. 30 per share

The amount forfeited per share is the amount the shareholder has already paid before the forfeiture occurred.

Using the formula:

$ \text{Amount Forfeited per Share} = \text{Face Value per Share} - \text{Unpaid Call Amount per Share} $

$ \text{Amount Forfeited per Share} = 100 - 30 = 70 $

So, Rs. 70 per share was forfeited.

Step 2: Calculate the Total Amount Forfeited

The company forfeited 200 equity shares.

$ \text{Total Amount Forfeited} = \text{Number of Shares Forfeited} \times \text{Amount Forfeited per Share} $

$ \text{Total Amount Forfeited} = 200 \times 70 = 14000 $

The total amount forfeited is Rs. 14,000.

Step 3: Analyze the Share Re-issue Details

The company re-issued 150 of these forfeited shares.

• Number of shares re-issued = 150
• Re-issue price per share = Rs. 60

In share re-issue, it's common practice to assume shares are re-issued as 'fully paid' unless stated otherwise. This means the re-issue price is considered against the full face value (Rs. 100).

Step 4: Calculate the Discount on Re-issue

Since the shares are assumed to be re-issued as fully paid (Rs. 100 value) at Rs. 60, there is a discount involved.

$ \text{Discount per Share} = \text{Face Value per Share} - \text{Re-issue Price per Share} $

$ \text{Discount per Share} = 100 - 60 = 40 $

The total discount on the re-issue of 150 shares is:

$ \text{Total Discount} = \text{Number of Shares Re-issued} \times \text{Discount per Share} $

$ \text{Total Discount} = 150 \times 40 = 6000 $

Step 5: Calculate the Amount Transferred to Capital Reserve

The amount transferred to the Capital Reserve represents the gain on the re-issue of forfeited shares. It is calculated as the total forfeited amount on the re-issued shares minus the discount given on re-issue.

First, find the forfeited amount specifically for the 150 re-issued shares:

$ \text{Forfeited Amount on Re-issued Shares} = \text{Number of Shares Re-issued} \times \text{Amount Forfeited per Share} $

$ \text{Forfeited Amount on Re-issued Shares} = 150 \times 70 = 10500 $

Now, calculate the Capital Reserve:

$ \text{Capital Reserve} = \text{Forfeited Amount on Re-issued Shares} - \text{Total Discount on Re-issue} $

$ \text{Capital Reserve} = 10500 - 6000 = 4500 $

Therefore, the amount transferred to the Capital Reserve is Rs. 4500.