Under continuous budgeting a new month is added to the end of the budget period each time the present month expires so that a twelve-month budget is available at all times. TrueFalse

Question

Nadia David

Business

4 September, 06:07

Under continuous budgeting a new month is added to the end of the budget period each time the present month expires so that a twelve-month budget is available at all times. TrueFalse

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Eleanor Griffin · Answer 1

true

Explanation:

continuous budgeting involves adding one more month to the end of a multiple period budget as the month goes by. this concept is applied to a twelve month budget, in other ward there is a full year budget in place. the period of budgeting does not correspond to a company fiscal year. there is a constant attention to the budget model and revise budget assumption for the last incremental period of the budget.