The subscription paid in advance is treated in the balance sheet of a club as? by Sunday | Dec 3 | Accounting JAMB | 0 comments A. a surplus B. a liability C. a deflicit D. an asset Correct Answer: Option B – a liability Users Also Read These:Subscription prepared by members is recorded in the…Income received in advance is treated in the balance…Subscription in arrears is treated in the balance…Subscriptions in arrears is treated in the balance…What is the amount of subscription to be shown as…