Question

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

Answer 1

Answer:

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.