X Ltd. holds 51% of Y Ltd., Y Ltd. holds 51% of W Ltd., Z. Ltd. holds
49% of W. Ltd. As per AS 18, Related Parties are:
(A) X Ltd., Y Ltd. & W Ltd.
(B) X Ltd. & Z Ltd.
(C) Y Ltd. & Z Ltd.
(D) X Ltd. & Y Ltd. only.
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(iv) X Ltd. holds 69% of Y Ltd., Y Ltd. holds 51% of W Ltd., Z Ltd. holds 49% of W. Ltd. As per AS 18,
Related Parties are :
(A) X Ltd., Y Ltd. & W Ltd;
(B) X Ltd. & Z Ltd;
(C) Y Ltd. & Z Ltd;
(D) X Ltd. & Y Ltd. only.
Answer:
A — X Ltd., Y Ltd. & W Ltd.
X Ltd., YLtd. & W Ltd. are related to each other. Z Ltd. & W Ltd. are related to each other by
virtue of Associate relationship. However, neither X Ltd. nor Y Ltd. is related to Z Ltd. and vice
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