Continuous budgeting is the practice of preparing a new budget for a selected number of future periods and revising those budgets as each period is completed.

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Continuous budgeting refers to the ongoing process of creating and revising budgets for multiple future periods based on actual performance and changing business conditions. This approach allows organizations to be more responsive and adaptable to changing circumstances, as well as encourages more accurate forecasting and financial planning.

Continuous Budgeting Is the Practice of Preparing a New Budget