Question: What is true regarding continuous budgets? Select one: a . The oldest month or quarter is not removed from the budget. b . The oldest

What is true regarding continuous budgets?
Select one:
a.
The oldest month or quarter is not removed from the budget.
b.
The oldest month or quarter is removed from the budget.
c.
Regardless of the time of year, it always covers 12 months or four quarters.
d.
Answers b and c

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!