CUET Preparation Today
| If the premium on forfeited shares has already been received, then the securities premium reserve account should be: |
Debited Credited Transferred to Capital Reserve A/c No treatment |
| No treatment |
| In case securities premium has been duly received on the shares to be forfeited, the Securities Premium Reserve Account already credited at the time of making call will not be cancelled at the time of forfeiture of shares. |
