If the securities premium has not been received, either wholly or partially, in respect of the shares forfeited, the will also be debited with the amount of premium not received along-with _ at the time of forfeiture.

Share premium account, Share capital account

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Share capital account,Share premium account

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Share forfeited account, Share premium account

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Share capital account, Share forfeited account

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Solution

The correct option is A Share premium account, Share capital account
In case, the securities premium has not been received either wholly or partially, in respect of the shares forfeited, the Share Premium account will be debited with the amount of premium not received along with the Share Capital account at the time of forfeiture. This will usually be the case when the amount due on the allotment has not been received either.

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