Model: Cost of control From the following balance sheets of H Ltd. and its subsidiary S Ltd. as on 31 December 2010, prepare a consolidated balance sheet.
|
Liabilities |
H Ltd. |
5 Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
Share Capital: |
Sundry Assets: |
3,50,000 |
2,60,000 |
||
|
Shares of Z50 Each |
5,00,000 |
2,00,000 |
I nvestment in the Shares of S Ltd. 4,000 Shares (At |
3,00,000 |
— |
|
Cost) |
|||||
|
Creditors |
1,00,000 |
20,000 |
|||
|
Reserves |
— |
10,000 |
|||
|
Profit & Loss A/c |
50,000 |
30,000 |
|||
|
6,50,000 |
2,60,000 |
6,50,000 |
2,60,000 |
H Ltd. purchases shares in S Ltd. on the balance sheet date.