In October 2022, group of fresh university graduates decided to launch a month magazine, on the monthly. With a subscription period of one year, a customer would need to pay for all 12 issues in advance. By end Dec 2022, On the monthly had over 200 subscribers who had paid annual subscriptions in cash. Business recorded as cash revenue in its income statement. Should the business reclassify revenue recorded from subscriptions as a liability under accrual accounting and include it in the Statemt of financial position as at 31 decemner 2022?