Q2351
Which of the following is not true?
A.
When all the forfeited shares are not reissued, the forfeited shares account will also show credit balance equal to gain on forfeiture of shares not yet reissued
B.
Losson the reissue of shares cannot be more than the gain on forfeiture of those shares
C.
At the time of forfeiture of shares, the securities premium is debited along with share capital when the premium has not been received
D.
When forfeited shares are issued at a premium, the premium amount is credited to the capital reserve account
AnswerAnswer: Option D
Solution
Answer: Option D
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