Balance sheet date
/What is the Balance Sheet Date?
The balance sheet date is a date as of which the information in a statement of financial position is stated. This date is usually the end of a month, quarter, or year. The balance sheet contains information as of a specific date, rather than for a reporting range, since it only contains information about the status of an entity's assets, liabilities, and equity; it does not contain any information that pertains to a range of dates, such as sales, profits, or cash flows. A balance sheet date appears in the header of the following exhibit, which portrays a complete balance sheet.
