The following are the Balance Sheets of H Ltd. and S Ltd. as at 31st December, 2015:

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The following are the Balance Sheets of H Ltd. and S Ltd. as at 31st December, 2015:

(i) H Ltd. purchased on 1st July, 2015, 4,000 shares in S Ltd. at ₹ 15 each.
(ii) Stock of S Ltd. includes ₹ 7,500 worth of goods purchased from H Ltd., which company sells goods at 25% above cost. Prepare a Consolidated Balance Sheet of H Ltd. and its subsidiary S Ltd. as at 31st December, 2015.

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