0.2. A Ltd acquired the business of B Ltd on 31 March 2012 for a purchase consideration of Rs.2.50,00,000 to be paid by fully paid equity shares of Rs.10 each. The balance sheets of two companies on the date of acquisition were as follows: A Ltd. B Ltd. A Ltd. B Ltd. 12000000 8000000 Equity shares 25000000 15000000 Land & of Rs. 10 each Building fully paid Plant & General Machinery Reserve 12000000 1800000 20000000 18000000 Assignment Furniture 1000000 2000000 Development 1000000 3700000 Stock 5500000 4000000 Rebate Sundry 4500000 4000000 Reserve Debtors P&L A/C 1000000 5300000 Bank 2000000 1700000 Workmen 1500000 2400000 Compensation Fund Current 4500000 9500000 Liabilities 45000000 37700000 45000000 37700000 Pass the necessary journal entries in the books of A Ltd when amalgamation is in the nature of merger. Also prepare the Balance sheet of A Ltd after amalgamation assuming that Development Rebate Reserve and Workmen Compensation Fund of B Ltd are required to be continued in the books of A Ltd