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From the ‘lowing fi Balance have and § Ltd and information prepare consolidated Balance, , , , Liabilities HLtd. | SLtd. | Assets =H Ltd. Sid, Shares of & 10 Each 1,00,000 20,000 Stock 61,000 24,008 |, Profit and Loss A/c "40,000 ‘12,000 | Debtors 13,0007, General Reserve - 10,000' 6,000 | Bills Receivable 1,000 <<., Creditors _. 20,000" 12,000 SharesinS Ltd 1,500 — | i, Bills Payable _3,000' @10each | |, , , , , , | 170,000 53,000 . 1,706,000 ', SE Gsaaalis 1 Ud tove tous comecd cast Gaiharw caged ty’ Lala, was already there., , Bills accepted by $ Ltd are in favor of H Lid and discounted @ 2,000 of them., , Sundry Assets of § Lid is undervalued by % 2,000., , Stock of H Ltd includes & 5,000 bought from S Ltd. at a profit to the latter of 25% on cost., Hint : Assume that business acquired on Ist April, , , , | > en