B Co. Ltd. was absorbed by A Co. Ltd. on 31st March, 2018 on which date the Balance Sheet of B Co. Ltd. was as followsThe terms and conditions were :

(a) That A Co. Ltd. took all the liabilities, and assets except investments which B Co. Ltd., sold at ₹55,000.

(b) That A Co. Ltd. issued 2 fully paid equity shares of ₹8 each at a premium of ₹5 per share and paid ₹3 in cash to the shareholders of B Co. Ltd. in exchange for each of its shares held by them.

(c) A Co. Ltd. paid the cost of absorption ₹2,000 in addition to purchase consideration. Show the Journal Entries required in giving effect to the above transactions in the books of both the companies.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (a) Trade Payables (b) Other Current Liabilities (b) Reserves and Surplus (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (i) Tangible Assets (b) Non-current Investments (2) Current Assets: Balance Sheet of B Co. Ltd. as at 31st March, 2018 TOTAL (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents Particulars (1) Note No. (2) EN Amount (₹) (3) 1,00,000 1,27,500 30,000 20,000 2,77,500 1,30,000 60,000 27,500 50,000 10,000 2,77,500