Working Note:
1. Number of shares allotted to Ashmita
2 . Profit on the forfeiture of 600 share of Rohit
= Rs. 30.000 (18,000 x\(\frac{600}{800}\) x 36,000)
Profit on the forfeiture of 600 share of Ashmita = 36,000
Profit on forfeiture of 1200 shares (30,600 + 36,000) = 66,000
Less: Loss on reissue of shares = 18,000
Transfer to Capital Reserve = 48,000
Balance in Share forfeiture Account (48,000 – 36,000) = Rs. 12,000