A Ltd forfeited 100 shares of Rs 10 each issued at a Premium of Rs 2, for non-payment of final call of Rs 3. Security Premium has been received. How will the forfeiture account be treated?

Credited by ₹700

If the Security Premium Reserve Account has been received and there is no requirement to write off the premium, then the forfeiture account would be treated as follows:
Share Capital A/c..........(Called up amount) Dr. 100 x 10 = 1000
       To Share Forfeiture A/c...........(Paid up amount)                    100 x 7= 700
       To Share Calls A/c                                                                  100 x 3 = 300