Which is an invalid method to take downpayment?
Y Ltd. forfeited 400 shares of Rs. 10 each, Rs. 7 called up, for nonpayment of the first call of Rs. 2 per share. Out of these, 300 shares were re-issued for Rs. 6 per share as Rs. 7 paid up. What is the amount to be transferred to Capital Reserve A/c?