Homework Answers
1. The correct option is (D) recording actual results
It is because budgeting is done to control and direct the
operations, so that the future expenses can be decided accordingly
depending on the available budget.
2. The correct option is (B), is continously updated, so that the next 12 months of operation are always budgeted.
It is because the rolling budget causes an incremental extension in the present budget on its completion. This way the business always has a one year of budget ready which extends the time in future.
Hope it helps, Good luck !!!!
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