Question content are the budget procedure that requires all levels of management to start from zero in estimating sales, production, and other operating data is called continuous budgeting.
The statement is True.
What do you mean by budgeting?
- The process of making a spending plan is known as budgeting. Budget refers to this plan for spending money.
- Making this spending plan enables you to estimate your financial situation in advance and decide whether you will have enough money to accomplish your goals. Simply balancing your expenses and income constitutes budgeting.
- Budgeting allows you to plan for both short-term and long-term expenses by ensuring that you aren't spending more than you are earning. It's a simple, practical approach for people with different kinds of expenses and income to manage their money.
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