Concept:Amounts owed to a club by its members are outstanding receipts, which are classified as assets.
Explanation:When members owe subscriptions, the club has a legal claim to receive that money.
This right to collect cash in the future provides a future economic benefit to the club.
In accounting, any amount receivable by an organisation is treated as an asset.
Such unpaid subscriptions are not yet income received, but they are still valuable to the club.
Therefore, they appear on the assets side of the club's balance sheet.
Answer:A. asset