Subscription in advance is treated in the balance sheet as a

Subscription in advance means members paid for next year’s membership this year. You received the money but haven’t earned it yet. You owe them the service in the future. This creates a liability.

It’s current because you’ll settle it within one year by providing the membership service. Assets are what you own, not what you owe.

Think of it as borrowed time. You have the cash but must deliver the membership benefits later.