When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to | Faculties

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Mr. Dubey

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📊 Financial Accounting

Q. When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to

(A) Shares forfeiture account
(B) security premium account
(C) capital reserve account
(D) none of these.

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✅ Correct Answer: (B) security premium account

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