Subscription Received in advance is shown in which of the following account?

Both 2 and 3

The correct answer is option 4- Both 2 and 3.

Any subscription received during the year (belonging to previous year, current year or next year), is to be entered in Receipts and payments account of the current year. Since the subscription received in advance belongs to a future period, it will also be shown in Liability side of the Balance sheet.