On 1st April, 2010, Dubar Limited acquired the assets and liabilities of Super Limited.

Dubar and Super agreed for the following scheme of business acquisition:

(i) Dubar not to take investment of Super.

(ii) Freehold property of Super to be valued at ₹1,70,000 and stock at ₹60,000.

(iii) Stock of Dubar comprises of stock worth 15,000 (cost to super ₹12,000) purchased from Super.

(iv) Debtors of Dubar include ₹7,000 due from Super.

(iv) Dubar to issue its equity shares of face value ₹10 in such number which is calculated using a swap ratio of 3 : 5 for Super. Each share so issued has a fair value ₹14 on the date of acquisition.

(v) Statutory reserves need not to be carried for future.

Show post acquisition balance sheet of Dubar.

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Liabilities Equity shares of face value *10 each General reserve P & La/c Work compensation fund Export profit reserve 12% Debentures Sundry creditor Balance Sheet as on 31st March, 2010 SL 1,75,000 DL 1,50,000 37,500 25,000 12,500 1,250 75,000 25,000 3,26,250 50,000 12,500 2,500 2,500 1,00,000 37,500 3,80,000 Assets Freehold property Plant and machinery Stock Debtors Investment Bank Preliminary expenses DL SL 1,00,000 80,000 1,12,500 1,07,500 31,250 68,750 45,000 1,00,000 26,250 11,000 250 3,26,250 13,750 9,000 1,000 3,80,000