Balance Sheet is always prepared:

Option B (As on Specific Date)

Because the purpose of Balance Sheet is to show the Financial Position of a company on a specific time.

Answer is B

Option (b) As on a specified date. 

As on a Specific date

Specific date

option B

Balance Sheet is always prepared on a specific date

B)

b. as on specific date

Thanks for the invitation..Yes I agree with your answer.

a