Prepare consolidated balance sheet as per IND AS with detailed explanation

Assume fair value per share of Anand Ltd on 01-07-2014 is Rs.20

The balance sheets of Ashish Ltd and Anand Ltd as a March 2015 are as follows: Ashish Anand Particulars Rs. Rs. I. EQUITY AND LIABILITIES Shareholders' funds (a) Share Capital Equity shares of Rs. 10 each fully 400,000 100,000 (b) Reserves & Surplus Other reserves (General reserves) 280,000 4,000 Surplus (P&L a/c) 170,000 72,000 2 Current liabilities (a) Trade payables 70,000 35,000 TOTAL 920,000 211,000 II. ASSETS 1 Non-current assets (a) Fixed Assets (i) Tangible assets Building 280,000 Plant & Machinery 200,000 Furniture & fittings 15,000 (b) Non-current investments 200,000 Current Assets ! (a) Inventories 75,000 (b) Trade receivables (c) Cash and cash equivalents 58,000 52,000 7,000 80,000 70,000 TOTAL 920,000 42,000 32,000 20,000 211,000 solidated balance sheet after considering the pare a consolidate lowing: Ashish Ltd acquired 8,000 equity sha d 8,000 equity shares of Anand Ltd on 1st July 2014 at 2,00,000 Ltd includes 6,000 relating to stock at cost purchased from Anand stock of Ashish Ltd includes 6,000 re ased from Anand Ltd, which sells goods at cost plus 25 %. Sundry creditors of Ashish Ltd includes $ 10.000 due to Anand Ltd. Profit and LOSS account of Ashish Ltd includes interim dividend received from Anand Ltd. Interim dividend was @ 10 % which was declared by Anand Ltd after 1st July 2014. Balance profit and loss account as at 1st April 2014 is Anand Ltd's ledger stood at 56,000. Profit during the year 2014-15 have been earned by Anand Ltd on uniform basis throughout the year. Asume Fair value per shase o per shase of Anand on 1-07-2014 - go Fair value ilar Post Sale al