Calculation of indirect percentage of holding

Accountancy

If P holds 60% of Q AND Q holds 20% of T , Shouldn't it be calculated that P holds 12%(60% of 20%) of T? Video Details ------------- P1 - Accounting Standards - CA Inter AS 18 #8. Q&A

Nayana Kowshik

CA Inter

★ 120

05-Mar-24 20:18

370

Answers (1)

For control purpose, it will be considered 20% because P controls Q and can directly decide on 20% of T

CA Suraj Lakhotia

Admin

07-Mar-24 08:27