HL holds 25% shares and 100% debentures of VL. Then which of the following is the relationship

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HL holds 25% shares and 100% debentures of VL. Then which of the following is the relationship between HL and VL?

(a) VL is associate company of HL.

(b) VL is subsidiary of HL.

(c) HL is subsidiary of VL.

(d) None of these.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 18, 2023 10:56 AM

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HL holds 25% shares and 100% debentures of VL. Then which of the following is the relationship

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Financial Accounting

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