Accounts related balance sheet query

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learner
51 Points Posted on 25 July 2020

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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On 25 July 2020 at 10:06 Report
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This discussion clarifies the distinction between 'Balance Sheet As On' and 'Balance Sheet As At'. While often used interchangeably, 'As On' typically refers to a dated period like year-end, whereas 'As At' denotes a precise point in time. Understanding this nuance is important for accurate financial reporting.

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My grammar is 💯 good I
7306 Points Posted on 25 July 2020

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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On 25 July 2020 at 10:49
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Student
448 Points Posted on 25 July 2020
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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On 25 July 2020 at 11:30

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