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INTERMEDIATE EXAMINATION: SEPTEMBER 2024Inter

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?

A

(A) Q Ltd.

B

(B) R Ltd.

C

(C) Q Ltd. and R Ltd.

D

(D) Neither of Q Ltd. or R Ltd.

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