How should a balance sheet be dated: as of a particular day or for a particular period of time? Explain your answer.

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David · Accepted Answer

How should a balance sheet be dated: as of a particular day or for a particular period of time? 
Explain your answer. 
Balance sheet should be dated on a particular date. This is due to the fact that balance sheet 
depicts the position of assets and liabilities on a particular date.

How should a balance sheet be dated: as of a particular day or for a particular period of time? Explain your answer.

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