Illustration 11. The summarised Balance Sheets of A Ltd. and B Ltd. as on 31st March, 2017 are given below. B Ltd. was merged with A Ltd. with effect from 31st March, 2017. Summarised Balance Sheets as on 31.03.2017 A Ltd. (3) Liabilities Share Capital: Equity Shares of 10 each General Reserve Profit & Loss A/C 12% Debentures Sundry Creditors Provision for Taxation Total B Ltd. (5) Assets Fixed assets 3,00,000 Investments (Non-trade) 2,00,000 Stock 80,000 Debtors 1,00,000 Advance Tax 50,000 Cash and Bank Balance 50,000 Preliminary Expenses 7,80,000 Total A Ltd. (E) 10,00,000 1,50,000 1,60,000 80,000 B Ltd.) 4,50,000 50,000 50,000 90,000 8,00,000 3,00,000 2,50,000 2,00,000 60,000 90,000 17,00,000 60,000 30,000 1,10,000 2,30,000 20,000 17,00,000 7,80,000 A Ltd. would issue 12% Debentures to discharge the claims of the debenture holders of B Ltd. at par. Non-trade investments of A Ltd. fetched @ 20% while those of B Ltd. fetched @ 12%. Profit (Pre-tax) by A Ltd. and B Ltd. during 2014-15, 2015-16 and 2016-17 were as follows: Year 2014-15 2015-16 2016-17 A Ltd. (5) 6,00,000 7,00,000 5,00,000 B Ltd. (E) 2,00,000 2,50,000 1,50,000 Goodwill may be calculated on the basis of capitalisation method taking 20% as the pre-tax normal rate of return. Purchase consideration is discharged by A Ltd. on the basis of intrinsic value per share. Prepare Balance Sheet of A Ltd. after merger as per Schedule III Division