I have three querries regarding related party disclosure under AS 18
1. The investment balances in subsidiaries, need to be shown as related party balaces as the same is disclose under investment schdules.
2. Advances paid to related party is required to be disclose as transaction, however when those advaces are adjusted against bills or service tax , such adjustment also constitute related party transaction?
3. Guarantee given or taken from related party is a related party disclosure?.. as the same is covered in borrowing schdule
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