Under continuous budgeting,a new month is added to the end of the budget period each time the present month expires,so that a twelve-month budget is available at all times.
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Q95: Purchases on account are given below:
Q96: Q97: Pro forma financial statements are financial statements Q98: The responsibility for the coordination of a Q99: Strategic planning deals with the establishment of Q101: Interest expense is not included in the Q102: The cash budget includes three sections: (1)operating Q103: If a budgeting system is designed correctly,top Q104: Pro forma financial statements are prepared at Q105: The selling and administrative expense budget is
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