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:Calls in advance are treated in the balance sheet as _____?In the balance sheet of a not-for-profit-making…Subscription in advance is treated in the balance…Subscription in arrears is treated in the balance…Subscriptions in arrears is treated in the balance…