400 shares of 50 each issued at par were forfeited for non-payment of final call of 10 per share. These shares were reissued at 45 per share as fully paid-up. The amount transferred to capital reserve is:

The correct option is 14,000.

Here is the step-by-step explanation of the calculation:

1. Understand the Forfeiture of Shares:
Number of shares forfeited = 400 shares
Face value of each share = 50
Unpaid final call amount per share = 10
This means the amount already paid by the shareholders per share is:

$\mathrm{Paid-up\; Amount\; per\; Share}=50-10=40$

2. Calculate the Total Forfeited Amount:
The amount forfeited is the money already received from the shareholders on these 400 shares:

$\mathrm{Total\; Forfeited\; Amount}=400\times 40=\mathrm{16,000}$

3. Calculate the Discount Allowed on Reissue:
The shares were reissued at 45 per share as fully paid-up (representing a value of 50 per share).
Therefore, the discount allowed per share on reissue is:

$\mathrm{Discount\; per\; Share}=50-45=5$
The total discount allowed on the reissue of 400 shares is:

$\mathrm{Total\; Discount\; on\; Reissue}=400\times 5=\mathrm{2,000}$

4. Calculate the Amount Transferred to Capital Reserve:
The profit on the reissue of forfeited shares is transferred to the Capital Reserve account. It is calculated as:

$\mathrm{Capital\; Reserve}=\mathrm{Total\; Forfeited\; Amount}-\mathrm{Total\; Discount\; on\; Reissue}$
Substituting the calculated values:

$\mathrm{Capital\; Reserve}=\mathrm{16,000}-\mathrm{2,000}=\mathrm{14,000}$

Therefore, the amount transferred to the capital reserve is 14,000.