A Rolling Budget Encourages Management to Be Thinking About the Next

question 101

True/False

A rolling budget encourages management to be thinking about the next 12 months.

---

Definitions:

Cash Balance

The amount of cash a company or an individual has available after all transactions have been accounted for.

Deposits

Sums of money placed into an account or with a financial institution for safekeeping and/or to earn interest.

Check Register

A logbook used by individuals to track checks issued, deposits made, and current balance in their checking account; a tool for personal financial management.

Cash Balance

The total amount of cash or cash equivalents available in a company’s account at any given time.