(i) Static budgets are prepared once a year and do not change during the annual budget period.

(ii) Continuous budget is a 12-month forward rolling budget that summarizes budgets for the next 12 months and is continuously reviewed and revised during the year.

Are these statements true or false?

		Both of them are true
		Both of them are false
		(i) is true, (ii) is false
		(i) is false, (ii) is true