aSSIGNMENT
1. The following are the B/S of H Ltd. And its Subsidiary S ltd as at March 2002:
Liabilities |
H ltd |
S ltd |
Assets |
H ltd |
S ltd |
Fully Paid Equity shares of |
6,00,000 |
2,00,000 |
Machinery |
3,90,000 1,80,000 |
1,35,000 1,20,000 |
|
11,10,000 |
3,75,000 |
|
11,10,000 |
3,75,000 |
The following additional information is provided to you:
- Profit and loss A/c of S ltd stood at Rs.30,000 on 1st April 2001 whereas General Reserve has remained unchanged since that date.
- H Ltd acquired 80% shares in S ltd on 1st October, 2001 for Rs. 3,40,000 as mentioned above.
You are required to prepare Consolidated B/S as at 31st March 2002. Show all Calculations Clearly.
2. On 31st March 2002 the B/S of H ltd and its Subsidiary S ltd stood as follows:
Liabilities |
H ltd |
S ltd |
Assets |
H ltd |
S ltd |
Share Capital: |
5,00,000 |
2,00,000 |
Sundry Assets |
5,17,600
1,62,400 ------ |
3,04,000
---- 6,000 |
|
6,80,000 |
3,10,000 |
|
6,80,000 |
3,10,000 |
Prepare a Consolidated Balance Sheet as at 31st March 2002.