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in case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share

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Q: If forfeiture share is reissued at premium then why security premium is credited?
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Issuing share at premium?

In case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share (a) share premium account should be debited (b) share premium account should be credited (c) share premium account should be neither debited nor credited (d) none of these


Why shares issued at premium?

In case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share (a) share premium account should be debited (b) share premium account should be credited (c) share premium account should be neither debited nor credited (d) none of these


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