Answer:

Amount transferred to Share Forfeiture Account: Rs. 2,25,000 (Option C)

Explanation:

Given information:
- 7,500 shares were applied for.
- The company issued shares at Rs. 100 each.
- The application money received was Rs. 50 per share, including a premium of Rs. 20 per share.
- The allotment money was Rs. 40 per share.
- First and Final call was not yet made.
- 6,000 shares were forfeited due to non-payment of allotment money.

To calculate the amount transferred to the Share Forfeiture Account, we need to first find the total amount received by the company and the amount paid by the shareholders.

Total amount received by the company:
- 7,500 shares were applied for, and the application money received was Rs. 50 per share, including a premium of Rs. 20 per share.
- Therefore, the total amount received by the company is: 7,500 shares x Rs. 50 = Rs. 3,75,000

Amount paid by the shareholders:
- 6,000 shares were forfeited due to non-payment of allotment money.
- The allotment money was Rs. 40 per share, so the amount paid by the shareholders is: 6,000 shares x Rs. 40 = Rs. 2,40,000

To find the amount transferred to the Share Forfeiture Account, we need to subtract the amount paid by the shareholders from the total amount received by the company:
Rs. 3,75,000 - Rs. 2,40,000 = Rs. 1,35,000

Therefore, the amount transferred to the Share Forfeiture Account is Rs. 1,35,000.

However, we need to remember that only the amount received in excess of the minimum subscription can be transferred to the Share Forfeiture Account. In this case, the minimum subscription was Rs. 25 per share (i.e., the allotment money of Rs. 40 per share minus the application money of Rs. 15 per share). Since the application money received was Rs. 50 per share, the excess amount is Rs. 25 per share. Therefore, only the forfeited shares that were applied for in excess of the minimum subscription can be transferred to the Share Forfeiture Account.

Number of shares applied for in excess of the minimum subscription:
- The minimum subscription was Rs. 25 per share.
- The application money received was Rs. 50 per share, including a premium of Rs. 20 per share.
- Therefore, the amount in excess of the minimum subscription is Rs. 5 per share (i.e., Rs. 50 - Rs. 25).
- The number of shares applied for in excess of the minimum subscription is: (6,000 shares x Rs. 5)/Rs. 25 = 1,200 shares

Amount transferred to the Share Forfeiture Account:
- The amount in excess of the minimum subscription is Rs. 5 per share.
- The number of forfeited shares applied for in excess of the minimum subscription is 1,200 shares.
- Therefore, the amount transferred to the Share Forfeiture Account is: 1,200 shares x Rs. 5 = Rs. 6,000
- The total amount transferred to the Share Forfeiture Account

255000