The subscription paid in advance is treated in the balance sheet of a club as? By: Sunday|Published on: Dec 3|Categories: 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…In the balance sheet of a social club, subscription…In the balance sheet; the subscription in arrears will be?Subscription in advance is treated in the balance…Which of the following items does not feature in the…SEE ALSO The accounting principle that is applied to check arbitrary actions on the part of accountants is?