Only attempt if you can solve all parts

BLtd. 6,00,000 2,50,000 1,60,000 Following are the summarised Balance Sheets of A Ltd. and B Ltd, as at 312 Particulars A Ltd. Share capital: Equity shares 10 each (fully paid up) 10,00,000 Securities premium 2,00,000 General reserve 3,00,000 Profit and loss account 1,80,000 10% Debentures 5,00,000 Secured loan Trade payables 2,60,000 24,40,000 Land and building 9,00,000 Plant and machinery 5,00,000 Investment 80,000 Inventory 5,20,000 Trade receivables 4,10,000 Cash at bank 30,000 24,40,000 The companies agree on a scheme of amalgamation on the following terms: (0) A new company is to be formed by name AB Ltd. (ii) AB Ltd. to take over all the assets and liabilities of the existing companies. (iii) For the purpose of amalgamation, the shares of the existing companies are to be va A Ltd. = 18 per share B Ltd. = 720 per share 3,00,000 1,70,000 14,80,000 4,50,000 3,80,000 3,50,000 2,60,000 40,000 14,80,000 S are to be valued as under. (iv) A contingent liability of A Ltd. of ? 60,000 is to be treated as actual existing liability (v) The shareholders of A Ltd, and B Ltd, are to be paid by issuing sufficient number of shares of AB Ltd. at a premium of 6 per share, (vi) The face value of shares of AB Ltd, are to be of? 10 each, You are required to: (1) Calculate the purchase consideration (ie., number of shares to be issued to A Ltd and B Lid.). (ii) Pass journal entries in the books of A Ltd. for the transfer of assets and liabilities, (iii) Pass journal entries in the books of AB Ltd, for acquisition of A Ltd. and B Ltd. (iv) Prepare the Balance Sheet of AB Ltd