model capital reserve from the following balance sheets of h ltd and its subsidiary 608494
Model: Capital reserve From the following balance sheets of H Ltd. and its subsidiary S Ltd. as on 31 December 2010, prepare a consolidated balance sheet.
|
Liabilities |
H Ltd. |
S Ltd. |
Assets |
H Ltd. |
S Ltd. |
|
Share Capital: |
|||||
|
(Shares of ? 100 Each) |
6,00,000 |
4,00,000 |
Sundry Assets |
5,00,000 |
4,85,000 |
|
Creditors |
2,00,000 |
50,000 |
Investment in 4,000 |
4,10,000 |
— |
|
Reserves |
40,000 |
20,000 |
Shares of S. Ltd. (on 31 |
||
|
December 2010) |
|||||
|
Profit & Loss A/c |
70,000 |
15,000 |
|||
|
9,10,000 |
4,85,000 |
9,10,000 |
4,85,000 |