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model when shares are held by both the companies in each other mdash net assets meth 620709

Model: When shares are held by both the companies in each other—Net assets method Following are the balance sheets of C Ltd. and D Ltd.:

Liabilities

C Ltd.

D Ltd.

Assets

C Ltd.

D Ltd.

Shares of Rs.10 Each Fully

3,00,000

1,50,000

Sundry Assets

12,00 000

6,00,000

Paid-up

Reserves

9,36,000

4,80,000

3,000 Shares in D Ltd.

36,000

3,000 Shares in C Ltd

30,000

12,36,000

6,30,000

12,36,000

6,30,000

It was decided that C Ltd. will absorb D Ltd. You are required to compute the purchase consideration.

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