17. Given below are the Balance Sheets of X Ltd and Y Ltd as on 31.3.2020 EQUITY AND LIABILITIES I. SHAREHOLDERS FUND Equity Share Capital (100) RESERVE AND SURPLUS: P/L A/C General Reserve II NON CURRENT LIABILITIES X Ltd 10,00,000 Y Ltd 4,00,000 400,000 200,000 200,000 900,000 16,00,000 15,00,000 III. CURRENT LIABILITIES Trade Payables 200,000 200,000 Total I+II+III 18,00,000 17,00,000 ASSETS IV NON CURRENT ASSETS PPE 500,000 700,000 INVSTMENT IN 3000 SHARES OF Y LTD 5,00,000 10,00,000 700,000 V CURRENT ASSETS 8,00,000 10,00.000 18,00,000 17,00,000 Total IV+V Additional Information: . X Ltd purchased interests in Y Ltd by acquiring its 3000 equity shares on 1st April 2019. P/L A/c of Y Ltd was 1, 00,000 and General reserve was 5, 00,000 as on 1st April 2019. A dividend of 20% was paid by Y Ltd as 30.6.2019 out of pre-acquisition profit and X Ltd credited the receipt of such to its P/L A/C. Bonus shares were issued by Y Ltd as for every 4 shares held 3 fully paid up shares at the year end. This is yet to be accounted for in both the books. Prepare Consolidated Balance sheet as on 31.03.2020 of X ltd and its subsidiary Y ltd as per schedule III of the Companies Act, 2013. [10]