Q.

X Ltd. forfeited 20 shares of ` 10 each, ` 8 called up, on which John had paid application and allotment money of ` 5 per share, of these, 15 shares were reissued to Parker as fully paid up for ` 6 per share. What is the balance in the share Forfeiture Account after the relevant amount has been transferred to Capital Reserve Account ?