The Balance Sheets of X Ltd. and Y Ltd. as at 31st December, 2015 of X Ltd. are given below:

At the date of acquisition of the shares in Y Ltd. by X Ltd. the General Reserve and Profit and Loss Account of Y Ltd. stood at ₹ 30,000 and ₹ 10,000 respectively. Y Ltd. paid preference dividends up to 30th June, 2015 and equity dividends up to 31st December, 2014. The equity dividend of ₹ 6,000 received by X Ltd., since the acquisition of the shares out of the balance of ₹ 10,000 brought forward at the time of acquisition has been credited to the Investment Account by X Ltd. Debenture interest has been paid up to 31st December, 2015. It was decided that the value of the plant and machinery of Y Ltd,. standing in the books at ₹ 50,000 should be revalued at ₹ 40,000. No adjustment has been made for this in the books. Depreciation of plant and machinery is written-off at 20% p.a. The stock of X Ltd. includes goods worth ₹ 7,500 purchased from Y Ltd. the cost of which to Y Ltd. is ₹ 5,000. The stock of Y Ltd. includes goods worth ₹ 20,000 purchased from X Ltd. X Ltd. invoices its goods by adding 25% to cost. You are required to prepare a Consolidated Balance Sheet of X Ltd. and its subsidiary as at 31st December, 2015.

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Balance Sheets of X Ltd. and Y Ltd. as at 31st December, 2015 X Ltd. I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Particulars (1) (a) Share Capital -- Equity Share of 10 each fully paid 6% Preference 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) 6,00,000 4,00,000 1,00,000 60,000 - Y Ltd. ₹ (4) 1,60,000 80,000 40,000 24,000 -