On 31 March 2010, P Ltd acquired 4,20,000 shares of Q Ltd for Rs.48,00,000. The balance sheet of Q Ltd on that date was as follows:
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on 31 march 2010 p ltd acquired 4 20 000 shares of q ltd for rs 48 00 000 the balanc 608548
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Assets |
||
|
6,00,000 Equity Shares of 310 Each Fully |
60,00,000 |
Fixed Assets |
42,00,000 |
|
Paid |
|
|
|
|
Pre-incorporation Profits |
1,20,000 |
Current Assets |
25,80,000 |
|
Profit & Loss A/c |
2,40,000 |
|
|
|
Creditors |
4,20,000 |
|
|
|
|
67,80,000 |
|
67,80,000 |
On 31 March 2011, the balance sheets of two companies were as follows:
|
Liabilities |
P Ltd |
Q Ltd |
Assets |
P Ltd |
Q Ltd |
|
|
Rs. |
Rs. |
|
Rs. |
Rs. |
|
Equity Shares of ;10 Each |
1,80,000 |
60,00,000 |
Fixed Assets |
3,16,80,000 |
92,40,000 |
|
Fully Paid (BeforeBonus |
|
|
|
|
|
|
Issue) |
|
|
|
|
|
|
Securities Premium |
36,00,000 |
– |
4,20,000 Equity Shares in Q |
48,00,000 |
– |
|
|
|
|
Ltd at Cost |
|
|
|
Pre-incorporation Profits |
– |
1,20,000 |
Current Assets |
1,76,40,000 |
70,20,000 |
|
General Reserve |
2,40,00,000 |
76,20,000 |
|
|
|
|
Profit & Loss A/c |
63,00,000 |
16,80,000 |
|
|
|
|
Creditors |
22,20,000 |
8,40,000 |
|
|
|
|
|
5,41,20,000 |
1,62,60,000 |
|
5,41,20,000 |
1,62,60,000 |
Directors of Q Ltd made bonus issue on 31 March 2011 in the ratio of one equity share of Rs.10 each fully paid for every two equity shares held on that date. Calculate as on 31 March 2011:
Prepare a consolidated balance sheet after the bonus issue.
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