If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account Option 1: will not be mentioned at the time of forfeiture Option 2: will be debited at the time of forfeiture Option 3: will be credited at the time of forfeiture Option 4: will be considered at the time of reissue of shares

The answer is 'will be debited at the time of forfeiture'. View full solution:

CUET Accountancy - If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Company Accounts

Medium

will not be mentioned at the time of forfeiture

will be debited at the time of forfeiture

will be credited at the time of forfeiture

will be considered at the time of reissue of shares

✅ Correct Option: 2