How should a balance sheet be dated: as of a particular day or for a particular period

Question:

How should a be dated: as of a particular day or for a particular period of time? Explain your answer.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...