The following are the summarised Balance Sheets of X Ltd. and its subsidiary Y Ltd. as at 31st December, 2015.

The following information are supplied:
(1) X Ltd. acquired shares in Y Ltd. on 1st January, 2015 when Y Ltd. had ₹ 25,000 in General Rese rve and ₹ 20,000 in Profit and Loss Account (Cr. balance).
(2) Inventories of Y Ltd. includes goods of the value of ₹ 20,000 purchased from X Ltd. on which X Ltd. charged cost plus 25%.
(3) Debtors of Y Ltd. include ₹ 2,000 due from X Ltd.
(4) The proper value of land and buildings which stood at ₹ 30,000 in the books of Y Ltd. as at the date of acquisition was ₹ 50,000.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Balance Sheets of X Ltd. and Y Ltd. as at 31st December, 2015 X Ltd. (₹) (3) (a) Share Capital --- Equity Share of 10 each fully paid (b) Reserves and Surplus: General Reserve TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Long-term Borrowings-6% Debentures of 100 each (4) Current Liabilities: Trade Payables -- Sundry Creditors Particulars (1) (2) Current Assets : (a) Inventories Profit and Loss Account (i) Tangible Assets: TOTAL (b) Non-current Investments -4,000 Equity Shares in Y Ltd. Land and Buildings Plant and Machinery Furniture and Fixtures (b) Trade Receivables -- Sundry Debtors (c) Cash and Cash Equivalents ---Cash in Hand Cash at Hand Note No. (2) 1,00,000 50,000 20,000 60,000 2,30,000 50,000 40,000 20,000 50,000 20,000 5,000 5,000 40,000 2,30,000 Y Ltd. ₹ (4) 50,000 25,000 25,000 - 1 10,000 1,10,000 30,000 15,000 1 30,000 10,000 5,000 20,000 1,10,000