Following are the Balance Sheets of M Ltd. and N Ltd. as at 31st December, 2015:

M Ltd. acquired the share in N Ltd. on 1st July, 2015. On 1st January, 2015, the Profit and Loss Account of N Ltd. showed a credit balance of ₹ 1,00,000 and a dividend of 10% was paid on 1st September, 2015 for the year 2014. This dividend was credited by M Ltd. to its Profit and
Loss Account. In arriving at the value of shares of N Ltd. plant and machinery of N Ltd. which then stood at ₹ 2,00,000 was revalued at ₹ 3,00,000. This value was not given effect to in the books. There was no change in these assets since that date. Fixed assets of N Ltd. include plant and machinery worth ₹ 1,80,000. You are required to prepare a Consolidated Balance Sheet of M Ltd. and its subdiary as on 31st December, 2015.

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Balance Sheets of M. Ltd. and N. Ltd. as at 31st December, 2015 M. Ltd. I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Particulars (1) (a) Share Capital -- Equity Share of 100 each fully paid (b) Reserves and Surplus: General Reserve (1.1.2015) Profit and Loss Account Note No. (2) (3) 10,00,000 2,00,000 3,00,000 N. Ltd. ₹ (4) 4,00,000 1,00,000 2,00,000