Advanced AccountingMCQQuestion 5959 of 302
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8. P Ltd. has 60% voting right in Q Ltd. Q Ltd. has 20% voting right in R Ltd. Also, P Ltd. directly enjoys voting right of 14% in R Ltd. R Ltd. is a Listed Company and regularly supplies goods to P Ltd. The Management of R Ltd. has not disclosed its relationship with P Ltd. While preparing Financial Statements of P Ltd., which entities would you disclose as related parties with reference to AS-18?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Q Ltd.

All Options:

  • AQ Ltd. ✓
  • BR Ltd.
  • CQ Ltd. and R Ltd.
  • DNeither of Q Ltd. or R Ltd.

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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