Securities Premium Reserve Account is debited by the amount of premium that has not been received on forfeited shares. Is it correct and why?
Yes, it is correct, because it does not lead to utilisation of Securities Premium Reserve.
When a share is forfeited on which the amount of premium has been called but has not been received, _________ .
Whenever securities premium is not received and the shares are forfeited, what will be the treatment to Securities Premium A/c?
Whenever securities premium is received and the shares are forfeited, what will be the treatment in Securities Premium A/c?
Whenever securities premium is not received and the shares are forfeited, what will be the treatment in Calls in Arrear A/c?