Point in Time vs Period of Time: What's the Difference?

In this video, I cover how to make the distinction between a "point in time" and "period of time" and explain how these two terms are used so you'll never be confused again!

To recap:
Point in time is a snapshot of an account at a single date (like December 31).

A period of time is when you record transactions over a period (eg. the quarter).

[bookswmadi]

Thank you! Sometimes reading all those words in a textbook can make simple explanations like this get lost in the conscious, so I appreciate the straight to the point explanation!