do it in advance accounting

Q#3 On 31" march,2002 the balance sheet of x limited stood as follows. Share capital of Rs.10 750,000 Plant & machinery 500,000 General reserve 325,000 Furniture & Fixture 80,000 Profit and loss account 85,000 Stock 455.000 Creditors 160,000 Debtors 102.000 Cash at bank 183,000 1,320,000 1,320,000 On this date x limited took over the business of Y limited for Rs.550,000 payable in the form of its equity shares of Rs.10 cach at par, the balance sheet of Y limited as follows: Share capital of Rs.10 600,000 Furniture and fittings 60,000 Creditors 130,000 Stock 415,000 Debtors 115,000 Cash at bank 40,000 Profit and loss account 100,000 730,000 730,000 REQUIRED: i) Pass the journal entries in the books of X limited. ii) Prepare an initial balance sheet in the books of X limited