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 in advance is classified in the balance…Distinguish between subscription in advance and…Subscription in arrears is treated in the balance…Income received in advance is treated in the balance…In the balance sheet of a not-for-profit-making…