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…Subscriptions in arrears is treated in the balance…Income received in advance is shown in the balance sheet as?What is the amount of subscription to be shown as…Income received in advance is treated in the balance…