3. Property, Plant and Equipment Land and Building 58.00 44.00 Plant and machinery 7.50 4.50 Other Assets 3.20 1.75 68.70 50.25 ADVANCED ACCOUNTING Other Information:
Options
A(i)
Realisation Account
Light Ltd.
(` In lakhs)
Bright Ltd.
(` In lakhs)
Light Ltd.
(` In lakhs)
Bright Ltd.
(` In lakhs)
To Sundry
Assets,
transfer :
By Long
term
provision
1.50
-
To Land & Building,
58.00
44.00 By Trade payables
3.40
2.00
To Plant & machinery
7.50
4.50 By Rainbow Ltd. -
purchase
80.00
64.00
To Other assets
3.20
-
To Inventories
5.75
7.10
To Trade receivable
4.30
5.80
To Cash
&
Bank
Balance
3.15
3.35
To Equity
Shareholders
-
profit
3.00
1.25
84.90
66.00
84.90
66.00
(ii)
Shareholders Account
Light ltd.
(` In lakhs)
Bright Ltd.
(` In lakhs)
Light Ltd.
(` In lakhs)
Bright Ltd.
(` In lakhs)
To Shares
in
Rainbow Ltd.
80.00
64.00 By Share Capital A/c -
transfer
50.00
40.00
By Statutory reserve
2.00
-
By General Reserve
18.00
15.00
By Securities premium
-
5.00
By Profit & Loss A/c
7.00
2.75
By Realisation A/c
3.00
1.25
80.00
64.00
80.00
64.00
BBalance Sheet of Super Rainbow Ltd.
Particulars
Notes
(` In lakhs)
Equity and Liabilities
1
Shareholders' funds
A
Share capital
1
144.00
B
Reserves and Surplus
2
1.00
2
Non-current liabilities
A
Long-term provisions
1.50
3
Current liabilities
A
Trade Payables
5.40
Total
151.90
ADVANCED ACCOUNTING
Assets
1
Non-current assets
A
Property, Plant and Equipment
3
121.20
B
Intangible assets
4
1.25
2
Current assets
Inventories
12.85
Trade receivables
10.10
Cash and cash equivalents
6.50
Total
151.90
CNotes to Accounts
(` In lakhs)
D
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