What is a continuous budget?
A)It is a budget that is constantly being revised as new information is gained.
B)It is a budget that covers every aspect of the production process from the purchase of raw materials to the collection of revenue from sales.
C)It is a budget where the time period just completed is dropped and an equal future time period is added.
D)It is a term used to describe a budget that is prepared by a budget committee that meets on a continuous basis.

Question

Quizplus · Accepted Answer

A continuous budget, also known as a rolling budget, involves dropping the time period just completed and adding an equal future time period, maintaining a constant planning horizon.

What Is a Continuous Budget