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

no

Bonus shares increases the share capital while reduces the share premium account because amount of share premium is used to issue bonus shares.

the amount payable for a share above its nominal value. Most shares are issued at a premium to their nominal value. Share premiums are credited to the company's share premium account.

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