Q564
Type of budget, which is always available for specified period of future is called
A.
period budget
B.
batch budget
C.
discontinued budget
D.
continuous budget
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Type of budget, which is always available for specified period of future is called continuous budget. Continuous budgeting is the process of continually adding one more month to the end of a multi-period budget as each month goes by.