(b) What are tangible assets and intangible assets? 18. (a) Ram Ltd. And Shyam Ltd. have agreed to amalgamate. A new company Raj Ltd., has been formed to take over the combined concern as on 31st December 2017. After negotiations, the assets of the two companies have been agreed upon as shown below: Page 8 Code No.: 10094 E Liabilities Ram Ltd. Shyam Assets Ram Ltd. Shyam Ltd. Ltd. Rs. Rs. Rs. Rs. Share Building 5,00,000 3,00,000 Capital: Shares of 10,00,000 5,00,000 Machinery 2,00,000 2,50,000 Rs. 10 each Reserve 50,000 Goodwill 50,000 fund Profit and 50,000 50,000 Furniture 1,10,000 Loss Alc Creditors 80,000 50,000 Stock 1,50,000 20,000 Debtors 1,20,000 20,000 Bank 50,000 10,000 11,30,000 6,50,000 11,30,000 6,50,000 Prepare the balance sheet of Raj Ltd., assuming : (i) The entire purchase price is paid off in the form of equity shares of Rs. 100 each in Raj Ltd. The amalgamation is in the nature of merger