=+Liabilities £ £

Debentures 50,000 15,000 Loan from A 10,000 25,000 Sundry Creditors 30,000 20,000 For all companies, the Profit & Loss Account Balance is the only figure omitted in the above information.

When the shares in the subsidiaries were acquired the balances on the Profit & Loss Accounts were:

B. £16,000 C. £4,000 Draw up in columnar form the Balance Sheets of the three companies and prepare a Group Balance Sheet.