Question

If AB Ltd. purchases 60% shares in CD Ltd. on 01.04.2019, then which of the following statement is TRUE?
1201945881, NOTE: SCREENSHOT PROHIBITED
A
ID: 1201945881
AB Ltd. is the Subsidiary Company and CD Lt.d is the Holding Company
B
ID: 120194588
AB Ltd. is the Holding Company and CD Ltd is the Subsidiary Company
ID: 1201845881
С C
AB Ltd. is the Vendor Company and CD Ltd is the Purchashg Company
ID: 1201945881
D
AB Ltd. is the Purchasing Company and CD Lt.d is the Vendor Company​

Answer 1

Answer:

B i.e. ab ltd. is holding company and cd ltd. is subsidiary company