A P Ltd buys \(662 / 3\) per cent of the shares in S Ltd. You are to draw up the consolidated balance sheet from the following balance sheets constructed immediately control had been achieved.

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Investment in S: 600 shares Fixed assets Stock Debtors Bank Share capital Fixed assets Stock Debtors Bank Share capital P Balance Sheet 540 1,160 300 200 100 2,300 2,300 2,300 S Balance Sheet 400 200 240 60 900 900 900