Use the Following Words to Complete the Sentences

question 14

Short Answer

Use the following words to complete the sentences.

-_________________________ occurs when a specific file is reproduced for each user who needs access to the file.

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining projected income and expenses for a certain period.

Budgeted Income Statement

A financial projection that estimates a company's revenue and expenses over a specific future period, predicting net income or loss.

Budgeted Balance Sheet

A financial statement projecting the future financial position of a company, based on expected assets, liabilities, and equity.

Continuous Budget

A 12-month budget that rolls forward one month as the current month is completed.