When a share is forfeited on which the amount of premium has been called but has not been received, _________ .

None of these

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Securities premium account will not get effected

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Securities Premium A/c will be cancelled by crediting\

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Securities Premium A/c will be cancelled by debiting

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Solution

The correct option is D
Securities Premium A/c will be cancelled by debiting

When a share is forfeited on which the amount of premium has been called but has not been received securities premium account will be debited.

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