Question

9. X' Ltd. and ‘Y' Ltd. agree to amalgamate as from 31st December 1993 on which
date their respective Balance Sheets were as follows:
Liabilities
x
Y
Assets
Rs.
Rs.
Y
X
Rs.
Rs.
50
Share capital:
Shares of Re. 1 each 80,000
Sundry creditors
3,000
Reserves
7,500
450
Cash in hand
100
25,000 Cash at Bank 3,400
1,000 Sundry debtors 22,500
4,000 Plant
12,000
1,000 Stock
15,000
Premises
30,000
6,000
4,500
Profit & Loss Alc
2,500
7,000
10,000
Patents
10,000
3,000
93,000
31,000
93,000
31,000
Draw
up the Balance Sheet of the new company 'XY' Ltd. which was incorporated
to take over the amalgamated concerns and state the number of shares in the new
company which will be allotted to the shareholders of the old companies. (Assume
the same face value).
​

Answer 1

Answer:

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Answer 2

Answer:

balance sheet answer

Explanation:

about explanation