AS 18

Accountancy

XYZ Limited is a 100% subsidiary of ABC Limited which of the following are related party transaction for the purpose of consolidation of financial statement. A salary paid to employees of XYZ Limited B loans given to employees of ABC Limited C intercompany sales between holding and subsidiary D loan given to managing director ABC Limited E transfer of assets by ABC limited to its subsidiary

Sakshi Chauhan

CA Inter

★ 6K+

31-Aug-24 20:52

259

Answers (2)

answer given is option D how/

Thread Starter

Sakshi Chauhan

CA Inter

★ 6K+

31-Aug-24 20:53

In case of consolidated financial statements, intra group transactions are eliminated. So C & E will not be reflected in financial statements. So D is the correct answer.

CA Suraj Lakhotia

Admin

02-Sep-24 13:40

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AS 18

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