Start learning →

Ordinarily, which related party transactions are material by their nature?

AThose at market price
BThose outside normal business
CThose below 10 percent
DThose with subsidiaries
Answer & Solution
Correct answer: B. Those outside normal business
Transactions not entered into in the normal course of the enterprise's business are ordinarily treated as material by nature.
Practise this question with Quill — CA Inter →

Keep practising AS 18 Related Party Disclosures

Browse all AS 18 Related Party Disclosures questions for CA Inter, or explore more Accounting topics.

Start a AS 18 Related Party Disclosures lesson →
Related questions