Continuous budget is also known as
A. rolling budget
B. pin budget
C. specific budget
D. past budget
Answer: Option A
Solution(By Examveda Team)
Continuous budget is also known as rolling budget. A rolling budget is continually updated to add a new budget period as the most recent budget period is completed.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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