subscription in advance is classified in the balance sheet as

Subscription in advance is classified as a liability in the balance sheet. This is because it represents an obligation of the company to provide goods or services in the future, which have already been paid for by customers. The company has a responsibility to fulfill its obligations and deliver the goods or services, hence it is recorded as a liability until the goods or services are delivered. Once the goods or services are provided, the liability is reduced and revenue is recognized in the income statement.