Question

Q2 From the following Balance Sheets of Company Strong & Sturdy as at 31.03.18, prepare the
consolidated Balance Sheet after taking into consideration the following information
Rs in Lacs
Strong Ltd
Sturdy Ltd
Fixed assets
1,195.00
899.00
Investments in 36 Lac equity
shares of Sturdy acquired on
31.03.18
1,450.00
Investment in 12% Debentures of
Sturdy at par
90.00
Inventories
145.00
355.00
Sundry Debtors
255.00
245.00
Other Assets
75.00
166.00
Total
3,210.00
1,665.00
1,500.00
750.00
900.00
550.00
125.00
Equity Share Capital of Rs 20 each
Reserves & surplus
12% Debentures
Secured Loan
Sundry Creditors
Other current liabilities
Total
85.00
35.00
640.00
285.00
3.210.00
5.00
1.665.00
1. Strong's Debtors include Rs 50 lacs receivable from Sturdy for goods sold. Strong made a profit of
Rs 8 lacs on the sale. 25% of the goods sold by Strong were unsold by Sturdy on 31.03.18.
2. Sturdy's Debtors include Rs 5 lacs secured loan taken by Strong from Sturdy, which is unpaid on
21
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Answer 1

Answer:

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