Q1. Following is the summarized Balance sheet of H Ltd and S Ltd on 31.3.2020 H Ltd SLtd Assets H Ltd S Ltd Liabilities Equity Share capital ( RS 10 each) General Reserves Profit and Loss Creditors Bills Payable Bank Overdraft 10,00,000 4,00,000 Building 4,80,000 2,40,000 Machinery 1,14,400 72,000 Shares in S Ltd 94,200 18,000 Debtors 16,800 Stock 1,60,000 Cash Bills Receivable 3,00,000 3,60,000 4,80,000 2,18,800 6,80,000 88,000 80,000 2,40,000 72,000 29,000 16,000 31,600 18,48,600 7,46,800 18,48,600 7,46,800 On 31" March 2020 H ltd purchased 80% shares in S itd. of Rs. 10 each. The bills payable of S itd included 10,000 issued in favour of H ltd. Machinery of Sitd was overvalued by 12,000. Prepare a consolidated Balance Sheet as on 31" March 2020 showing your working notes clearly