When H ltd, purchased 24,000 equity shares in S ltd, on 1-1-2011, S ltd, had Rs. 22,500 in general reserve and Rs. 37,500 (Dr) in profit and loss account. From their Balance sheets on 31-3-2011 as below, prepare Consolidated Balance Sheet. Liabilities H Ltd S Ltd. Assets H Ltd S Ltd. Fully paid equity shares of Rs. 10 each 7,50,000 3,00,000 Fixed assets 6,75,000 1,50,000 General reserve 90,000 7,500 Current assets 1,20,000 1,21,500 P/ L A/c 60,000 - Investment in S Ltd. 2,10,000 - Creditors 1,05,000 31,500 P/L A/c - 67,500 10,05,000 3,39,000 10,05,000 3,39,000 Fixed assets standing in the books of S td, at Rs. 90,000 were considered worth Rs. 75,000 on the date of purchase of control for the purpose of determining the value of shares; 20% depreciation has been written off since acquisition. Stock of H ltd includes Rs. 30,000 on which S ltd, made Rs. 7,500 profit