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. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
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 |