Consolidate the following balance sheets:
Liabilities |
H Ltd. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
Capital: f. 1 Shares |
7,000 |
5,000 |
4,500 Shares in 5 Ltd. at |
6,000 |
– |
Cost |
|||||
Creditors |
– |
2,500 |
Sundry |
1,000 |
9,000 |
Assets |
|||||
P&L A/c |
– |
1,500 |
|||
7,000 |
9,000 |
7,000 |
9,000 |