Question: TRUE OR FALSE Question 6 Under continuous budgeting a new month is added to the end of the budget period each time the present month

TRUE OR FALSE

Question 6

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.

Question 7

Four purposes or reasons for budgeting involve planning, coordination, performance measurement, and corrective action.

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