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05 November 2013 If security premium on allotment is taken than during forfeiture whether security premium ac is debited?
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CA Vijeta Verma

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CA Vijeta Verma (Expert)
05 November 2013 yes debit security premium account on forefeiture.When you pass forefeiture entry either security premium account (dr) or discount on issue of shares will come as a balancing figure.

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