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How scheduler daily event works?

Hello everyone!!!
May i know the functionality of scheduler daily event works. i need to create record based on a retest date say for example (if retest date: “02-08-2020” and current date matches the retest date “02-08-2020” on morning 00:00 time its self it should create.) but scheduler daily event working on 02-08-2020 changes to 03-08-2020 at that time only it creates new record.

Does any one knows how scheduler works daily.

Anybody knows how daily event works?