Illustration - 11 Divya Ltd. agreed to take over the Swati Ltd. as a going concern-both companies being engaged in the same trade. Divya Ltd. was to pay the debentures and liabilities of Swati Ltd. and take over the assets, the consideration being the issue by Divya Ltd. of 4,00,000 fully paid shares of Rs. 10 each and the payment of Rs. 3,00,000 in cash to the Swati Ltd. Divya Ltd. was to pay the liquidation expenses, which amounted to Rs. 1,40,000 The Balances in the books of the respective companies, as on the date of absorption are given hereunder. a11 Assets Divya Swati Ltd. Ltd. Rs. Rs. Liabilities Divya Swati Ltd. Ltd. Rs. Rs. Particulars 2.00.00.000 75.00.000 1,50,00,000 50,00,000 50,000 10,000 50,00,000 10,00,000 Authorised Capital: Divya Ltd. 20,00,000 shares of Rs.10 each Swati Ltd. 7,50,000 shares of Rs.10 each Issued Capital Unpaid Calls 10% Debentures Land and Buildings Goodwill Sundry Debtors and Creditors Bank Balances Stock Plant and Machinery Bills Receivable Profit and Loss Account balances 35,68,200 5,00,000 3,98,400 834,200 1,03,33,000 30,00,000 7,24,000 16,84,200 17,92,600 38,76,800 3,62,100 4,36,200 2,00,000 7,85,200 16,43,900 9,88,500 2,69,500 69,05,700 2,18,22,700 69,05,700 2,18,22,700 Assume that the absorption was duly effected but that the unpaid calls and a book debt of Rs.40,000 due to Swati Ltd. proved irrecoverable. Prepare the Realisation Account and Members Account in the books of Swati Ltd. and the Balance Sheet of Divya Ltd. after the absorption. Your working should form part of the