According to AS-18 Related Party Disclosures, which ONE of the following is not a related party of Skyline Limited?

CA Intermediate · Advanced Accounting · MTP · May 2026
According to AS-18 Related Party Disclosures, which ONE of the following is not a related party of Skyline Limited?
(A) A shareholder of Skyline Limited owning 30% of the ordinary share capital
(B) An entity providing banking facilities to Skyline Limited in the normal course of business
(C) An associate of Skyline Limited
(D) Key management personnel of Skyline Limited

Suggested Answer and Working Notes:

Correct Answer: Option (B)

An entity providing banking facilities to Skyline Limited in the normal course of business

Topics: AS 18

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