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

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When forfeited shares, originally issued at a discount, are reissued at a premium, the premium amount is credited to the Security Premium Account. This account is used to record the premium received on the issue of shares, and it is part of the shareholders' equity, reflecting additional funds that have been paid by shareholders over the nominal value of the shares.

When Forfeited Shares (Which Were Originally Issued at a Discount