The balance sheet provides information about the financial position of an enterprise:

At a point in time

The correct answer is Option (1) → At a point in time 

he Balance Sheet shows the financial position of an enterprise — that is, its assets, liabilities, and capital — on a specific date (for example, as on 31st March 2025).

• It is a snapshot of the firm’s financial standing at a point in time, not over a duration.

• In contrast, statements like the Profit and Loss Account show performance over a period of time.