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Accounts related balance sheet query


Praveen Kumar (learner)     25 July 2020

Praveen Kumar
learner 
 48 points

| My Other Post

what is the difference between Balance sheet as on and Balance sheet as at and what is the significance of the term As on and As at" 

 

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yasaswi gomes   25 July 2020

yasaswi gomes

 85 likes  1507 points

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I guess As on year end 2020, and As at refers to a specific date. Both could mean the same as well. Check out IndAS 1, as I don’t remember any such classification, I guess it is used interchangeably.

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Shama parveen (Student)     25 July 2020

Shama parveen
Student 
 42 likes  433 points

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As YASASWI GOMES mentioned above the difference is correct.

As on is used for dated and days.
As at is used for specific times.

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