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:Income received in advance is shown in the balance sheet as?Subscription in advance is classified in the balance…In the balance sheet of a not-for-profit-making…Subscription in advance is treated in the balance…Subscription in advance is treated in the balance…