Question ID : 31713

Presentation under Schedule III of Companies Act 2013

As on 31st March 2018, the company has not received the subscription amount from the members. What should be the presentation of the subscription amount due from members in Schedule III, the company is not required to comply with IND AS..?

I am of the view that subscription amount due ( calls in arrears) from members may be classified as current assets presuming that it is realisable within a year.