H Ltd. acquired 15,000 equity shares of Rs.10 each in S Ltd on 31 March 2010, on which date the balance sheets are as follows:
|
Liabilities |
A Ltd. |
B Ltd. |
Assets |
A Ltd. |
B Ltd. |
|
Shares of Rs. 10 Each |
5,00,000 |
2,00,000 |
Machinery |
2,90,000 |
1,50,000 |
|
Shares Premium |
1,00,000 |
– |
Furniture |
55,000 |
25,000 |
|
General Reserve |
2,50,000 |
1,85,000 |
15,000 Shares in 5 Ltd |
3,00,000 |
– |
|
P&L A/c |
19,000 |
80,000 |
Stock |
2,21,500 |
1,90,000 |
|
Creditors |
82,500 |
42,500 |
Debtors |
60,000 |
85,000 |
|
Proposed Dividend |
75,000 |
– |
Cash |
1,00,000 |
57,500 |
|
10,26,500 |
5,07,500 |
10,26,500 |
5,07,500 |
On 31 March 2010, the directors of S Ltd. proposed a dividend of 10% on the shares capital of Rs.2,00,000 and made a bonus issue of one equity share for every four equity shares held using general reserve. Effect of bonus is to be incorporated in the above given balance sheets. Prepare a consolidated balance sheet as at 31 March 2010.