Continuous budgeting is the practice of revising the entire set of budgets for the periods remaining and adding new budgets to replace those for the periods that have elapsed.

Question

Quizplus · Accepted Answer

Continuous budgeting involves regularly updating and adjusting budgets for future periods based on actual results and changing circumstances. This includes revising budgets for periods that have not yet occurred and adding new budgets for periods that have elapsed.

Continuous Budgeting Is the Practice of Revising the Entire Set