no Slid, as at 31.0 Balance Sheets of H Lid. and S Ltd. as at 31.03.20 (figures in Rs.) Note No. H. Ltd. S. Lid. Particulars 1. Equity & Liabilities 1) Shareholders' Funds: (a) Share Capital-Eq, share of Rs. 10 each fully paid (b) Reserves & Surplus-Profit and Loss Account 4,00,000 50,000 1,00,000 20,000 (a) Trade Payables: Creditors 7,50,000 4,80,000 12,00,000 6,00,000 Total II. Assets (1) Non-Current Assets: (a) Property, plant and Equipment (1) Tangible Assets-Equipment 2,50,000 95,000 1,40,000 (b) Non-Current Investments-90% Eq. shares in S Ltd. at cost (2) Current Assets: (a)Other Current assets 8,10,000 5,05,000 Total 12,00,000 6,00,000 The following additional information is provided to you: (1) On 01.04.2019, Profit and Loss Account of S Ltd. showed a credit balance of Rs.8, 000. (2) H Ltd. acquired shares in S Ltd. on 1.04.2019. (3) Equipment of S Ltd was revalued by H Ltd. at 20 % above its book value of Rs.1,00,000 (but no such adjustment was affected in the books of S Ltd.) Now answer the following questions Q. No. 1 & 2 with regard to consolidation of balance sheet-
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