A budget that adds a new month when the current month ends is called a:
A)Capital budget.
B)Master budget.
C)Rolling budget.
D)There is no such budget.

Question

Quizplus · Accepted Answer

A rolling budget is a continuous budget that adds a new month at the end of each current month, allowing for continuous projections and adjustments throughout the year. A capital budget involves planning for long-term investments, while a master budget includes all the budgeted financial statements for the coming year. Therefore, the best choice for a budget that adds a new month when the current month ends is a rolling budget.

A Budget That Adds a New Month When the Current