What is a continuous budget?
A)The budget is prepared for a one-year period that corresponds to the companys fiscal year.
B)A continuous budget is a monthly budget.
C)As a month/period expires in the budget,an additional month/period in the future is added.
D)The budget focuses only on the financial aspects of the company.

Question

Quizplus · Accepted Answer

A continuous budget is a dynamic budget that is updated regularly. As one month or period ends, the next month/period is added to the budget, so it always has a long-term focus. This allows a business to be more responsive to changes and adjust quickly to new circumstances.

What Is a Continuous Budget