[Context based on Mona Ltd.] At the time of forfeiture, the Securities Premium Reserve Account will be debited for how many shares?

* Securities Premium Reserve Account is only debited at the time of forfeiture if the premium amount was due but not received.Mr. Verma paid his allotment money, so his premium was successfully received (cannot be canceled/debited).Mr. Sharma failed to pay allotment money, so the premium due on his allotted shares was not received.Mr. Sharma's allotted shares count is $100$.Therefore, Securities Premium Reserve is debited only for Mr. Sharma's $100$ shares.