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:In the balance sheet of a social club, subscription…Subscription prepared by members is recorded in the…Income received in advance is treated in the balance…Subscription in advance is treated in the balance…Calls in advance are treated in the balance sheet as _____?