Asked by Jasmine Renteria on May 21, 2024
Verified
A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter)as the current month (or quarter)is completed.
Continuous Budget
A 12-month budget that rolls forward one month as the current month is completed.
Rolls Forward
A process in accounting or financial planning where data or balances are brought forward from a previous period to the current one.
- Learn the differences between various budget types (e.g., continuous budget, fixed budget).
Verified Answer
LS
Lekshmi SudhaMay 23, 2024
Final Answer :
True
Explanation :
A continuous or perpetual budget is indeed a 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed.
Learning Objectives
- Learn the differences between various budget types (e.g., continuous budget, fixed budget).