Strong Ltd. acquired 32,00,000 equity shares of Weak Ltd. on 31st March, 2018. Following are the Balance Sheets of both the companies as on that date: Strong Ltd. (in lakh) Weak Ltd. (in lakh) I. EQUITY & LIABILITIES

Consolidated Balance Sheet of Strong Ltd. and its subsidiary Weak Ltd. for the year ended 31st March, 2018 Sr. No. Particulars Amount (₹ In Lakhs) Amount (₹ In Lakhs) I Equity & Liabilities (1) Share Holder's Fund (a) Share Capital Equity shares of ₹10 each fully paid 1000.00 Minority Interest (See Note 5) 166.40 (b) Reserve and Surplus General Reserve 480.00 Profit and Loss 114.40 594.40 (2) Secured Loan Bank Loan 160.00 (3) Current Liabilities Bills Payable: Weak Ltd. 16.80 Less Inter Co. Debts (6.00) 10.80 Sundry Creditors Strong Ltd. 94.40 Weak Ltd. 18.00 Total 112.40 Less: Inter Co. Debts (24.00) 88.40 Total 2020.00 II Assets (1) Fixed Assets (a) Goodwill (See Note 4) 14.40 (b) Land and Building Strong Ltd. 300.00 Weak Limited 400.00 700.00 (c) Plant and Machinery Strong Ltd. 480.00 Weak Limited 298.80 778.80 (2) Current Assets, Loans and Advances (A) Current Assets: Stock Strong Ltd 240.00 Weak Ltd 72.00 312.00 Sundry Debtors Strong Ltd 88.00 Weak Ltd 80.00 Total 168.00 Less: Inter Co. Debts (24.00) 144.00 Cash Strong Ltd 29.20 Weak Ltd 16.00 45.20 (B) Loans and Advances Bills Receivable Strong Ltd. 31.60 Less: Inter Co. Owings 6.00 25.60 Total 2020.00 Notes to Accounts Strong Ltd. Holds 32,00,000 shares in weak Itd. Minority Interest 8,00,000 shares Ratio is 4:1 Note No. Particulars Amount (₹ in Lakhs) 1. Strong Ltd. share in Capital Profit and Reserve of Weak Ltd. Balance of pre-acquisition general reserve 340.00 Less: Utilized for bonus issue (Issue of 40 lakhs * 1/4 = 10 Lakhs bonus shares @ 10 each) (100.00) Total 240.00 Balance in Profit and Loss (pre-acquisition) 72.00 Total 312.00 Share of Strong Ltd. (4/5 * 312) 249.60 2. Profit/Loss on Revaluation of Assets Increase in the value of Land and Building 40.00 Less: Decrease in the value of Plant and Machinery (20.00) Net (Capital) profit on revaluation of assets 20.00 Strong Ltd.'s share 4/5 of ₹20 lakhs 16.00 Weak Ltd. shares 1/5 of ₹20 lakhs 4.00 3. Share Capital of Weak Limited As per Balance sheet 400.00 Add: Increase due to bonus issue 100.00 Total 500.00 Strong Ltd.'s share 4/5 of ₹500 lakhs 400.00 Weak Ltd. shares 1/5 of ₹500 lakhs 100.00 4. Cost of Control Cost of Investment in shares of weak Ltd. 680.00 Less: paid up value of share capital (including bonus) (400.00) Total 280.00 Less: Profit on revaluation of assets (16.00) Total 264.00 Less: Share in capital profit and reserve (249.60) Goodwill 14.40 5. Minority Interest Paid-up value of share capital held 100.00 Add: Profit on revaluation of assets 4.00 Add: Share in General Reserve 1/5 * 240 lakhs (340 lakhs - 100 lakhs) 48.00 Add: 1/5 * 72 lakhs (profits) 14.40 Total 166.40