From the following Balance Sheet of a holding company and its subsidiary as on March 31, 2016 prepare a Consolidated Balance Sheet:

When control was acquired, S Ltd. had ₹ 40,000 in General Reserve and ₹ 30,000 in Profit and Loss Account. Immediately on purchase of shares H Ltd. received ₹ 16,000 dividend from S Ltd. Debtors of H Ltd. include ₹ 20,000 due from S Ltd. whereas creditors of S Ltd. include ₹ 15,000 due to H Ltd. difference being accounted for by a cheque in transit.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Balance Sheets of H. Ltd. and S. Ltd. as at 31st March, 2016 H. Ltd. Particulars (1) (a) Share Capital - Equity Share of 10 each fully paid (b) Reserves and Surplus: General Reserve Profit and Loss Account (2) Share Application Money Pending Allotment : Note No. (2) (3) 5,00,000 80,000 90,000 - S. Ltd. ₹ (4) 2,00,000 60,000 70,000