Forfeiture per Sharma's 100 shares (app money only received) = Rs. 360. Reissued at Rs. 8, discount = 100×2=200. Capital Reserve from Sharma's shares = 360−200=160.
Forfeiture on Verma's 200 shares (paid up to allotment, excluding premium) = 200×6=1,200. Reissued 50 of his shares. Forfeiture allocable = 20050×1,200=300; discount on reissue = 50×2=100. Capital Reserve = 300−100=200.
Total Capital Reserve = 160+200=360.