The Balance Sheets of H Ltd. and S Ltd. as on 31st March 2011 are given below :
|
Liabilities |
H Ltd. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
Rs |
Rs |
Rs |
Rs |
||
|
Share Capital: |
Sundry Assets |
5,91,000 |
3,18,000 |
||
|
Shares of |
Investments: |
||||
|
Rs.100 each |
6,00,000 |
2,00,000 |
1,600 shares of |
|
|
|
General Reserve |
60,000 |
40,000 |
Rs.100 each |
2,24,000 |
|
|
Profit & Loss Account |
80,000 |
30,000 |
|||
|
Creditors |
75,000 |
48,000 |
|||
|
8,15,000 |
3,18,000 |
8,15,000 |
3,18,000 |
H Ltd. acquired the shares in S Ltd. on 31st March 2,011. The plant worth book value of Rs.60,000 included in sundry assets of S Ltd. was re valued at Rs.50,000 on this date.
Prepare the consolidated balance sheets of H Ltd. and S Ltd. as on that date.