On 31 March, 2010, the balance sheets of H Ltd. and S Ltd. stood as follows:
|
Liabilities |
H Ltd. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
Share Capital: |
Sundry Assets |
2,58,800 |
1,52,000 |
||
|
Shares of Rs. 10 Each Fully |
2,50,000 |
1,00,000 |
60% Shares in 5 Ltd. |
81,200 |
– |
|
Paid |
Acquired on 31 March 2010 at Cost |
||||
|
Reserves |
50,000 |
25,000 |
Preliminary Expenses |
– |
3,000 |
|
Creditors |
40,000 |
30,000 |
|||
|
3,40,000 |
1,55000 |
3,40,000 |
1,55,000 |
Prepare the consolidated balance sheet as at 31 March 2010.