Model: Cancellation of investment—Wholly owned subsidiary company From the following balance sheet of H Ltd. (holding) and S Ltd. (subsidiary), prepare a consolidated balance sheet of H Ltd. and its subsidiary S Ltd.:

Liabilities

H Ltd.
Rs.

S Ltd.
Rs.

Assets

H Ltd.

S Ltd.
Rs.

Share Capital:

Sundry Assets

4,00,000

2,25,000

Shares of Rs.10 Each

5,00,000

2,00,000

Investment:

Sundry Liabilities

1,00,000

25,000

20,000 Shares of Rs. 10 Each of 5 Ltd.

2,00,000

6,00,000

125,000

6,00,000

2,25,000