What does the Balance Sheet reflect?

d. A specific point in time

The balance sheet reflect the position of company (Balances of assets, liability or its capital including accumulated profit or loss) at a specific point in time. this is why we use "As at" for the balance sheet

 d. A specific point in time......................................................................................

Balance sheet reflects the state of affairs of the Company as on the date of the balance sheet. You need to compare the current balance sheet with that of the previous one to verify the net movements over the period of time (between the previous Balance sheet and the current balance sheet). This movement analysis is denoted as  Fundflow (Cashflow) statement for the period under review.

correct answer is D

Thanks 

A balance sheet reflect net changes over a period of time.

i think the answer is D specific point in  atime

The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point (a moment or an instant) in time. For example, the amounts reported on a balance sheet dated December31,2014 reflect that instant when all the transactions through December31 have been recorde .

so I think answer is D.

The balance sheet reflects the state of affairs of a business at a specific point in time

the correct answer is net changes over a period

opt.D)A specific point in time..............................