Question

When the called up amount is not paid by the shareholders then it will be transferred to
which Account.​

Answer 1

Answer:

Securities Premium amount has been received- Here, the share capital amount is debited with the called-up amount and then it will be credited to Shares Allotment (amount not received on allotment), Forfeited Shares ( received amount with less premium), Final Call Account, and First Call.

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