The Balance Sheet of the H Ltd. and S Ltd. as on 31st March, 2011 are given below:
Balance Sheet
|
Liabilities |
H Ltd. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
Rs |
Rs |
Rs |
Rs |
||
|
Share Capital: |
Sundry Assets |
5,55,000 |
2,48,000 |
||
|
Shares of |
Investments |
||||
|
100 each |
6,00,000 |
2,00,000 |
Shares in S Ltd. |
|
|
|
Profit and Loss Account |
80,000 |
(at cost) |
2,00,000 |
||
|
Sundry Creditors |
75,000 |
48,000 |
|||
|
7,55,000 |
2,48,000 |
7,55,000 |
2,48,000 |
Prepare the consolidated balance sheet of the holding company and its subsidiary as on 31st March, 2011.