Subscription in arrears is treated in the balance sheet of a club as
Answer Details
Subscription in arrears refers to the subscription fees that are owed to a club or organization by its members but have not been paid. These are considered as a form of debt that the members owe to the club, and hence are treated as a current liability in the balance sheet of the club.
A current liability is a debt or obligation that is expected to be settled within the next 12 months. Since the subscription fees are owed by the members to the club, and are expected to be paid within a year, they are classified as a current liability in the balance sheet.
By treating subscription in arrears as a current liability, the club is able to provide an accurate picture of its financial position, showing the amount of money it is owed by its members. This information can be useful in managing the club's cash flow and in making decisions about future expenditures.
Therefore, the answer to the question is that subscription in arrears is treated as a current liability in the balance sheet of a club.