Why shares issued at premium?

1 answer

Answer

1024081

2026-03-30 03:00

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In case the shares have been issued at a

premium and the amount of premium has been received then at the

time of forfeiture of such share

(a) share premium account should be

debited

(b) share premium account should be

credited

(c) share premium account should be neither

debited nor credited

(d) none of these

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