Question

Why is a balance sheet prepared at a specific point in time?

Answer 1

HIII #DEAR ❤❤❤❤❤

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A balance sheet provides a snapshot of a business'

health at a point in time. It is a summary of what the

business owns (assets) and owes (liabilities). Balance

sheets are usually prepared at the close of an

accounting period such as month-end, quarter-end, or

year-end.

HØPE IT HELPS YOU...!!❤❤

Answer 2

Hello Friend..✌️✌️

The answer of u r question is..

balance sheet prepared at a specific point in time because it is provided snapshot of business...

Thank you..⭐️⭐️⭐️