The amount of subscriptions accrued is reported in the balance sheet under

Bolarinwa_Dorcas

3 months ago

In accounting, the amount of subscriptions accrued (also known as Accrued Income) is reported in the Current Assets section of the Balance Sheet.
Why it is a Current Asset
Accrued subscription income represents revenue that a company has earned (by providing a service or product) but has not yet received payment for. Since the company has a legal right to receive this cash within the next operating cycle (usually 12 months), it is classified as a current asset.
Key Distinctions
It is important to distinguish accrued subscriptions from other similar terms:
Accrued Subscriptions (Asset): You have provided the service, but the customer hasn't paid you yet