When all the forfeited shares are not reissued, the forfeited shares account will also show as credit balance equal to gain on forfeiture of shares not yet reissued

Loss on reissue of shares cannot be more than gain of forfeiture of those shares

At the time of forfeiture of shares, securities premium is debited along with share capital when premium has not been received

When forfeited shares are issued at premium, the premium amount is credited to Capital Reserve Account.