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NJ CALA – Certified Assisted Living Administrator
Exam 2026 – New Jersey Practice Questions and
Answers with Explanations||VERIFIED EXAM!!!
The allocation of the original cost of non-current intangible
asset over a period of time specified by the Federal
Government - ANSWER-amortiazation
Things of value, things owned as cash, equipment,
buildings, and accounts receivable - ANSWER-Asset
Checking , reviewing, testing, and verifying the accuracy
of accounting records by a third party - ANSWER-Audit
Financial statement summarizing assets, liabilities, and
retained earnings or net worth - ANSWER-Balance Sheet
Periodic statement from the bank summarizing deposits,
checks paid, bank charges, balances, etc. - ANSWER-
bank statement
Type of insurance covering employees who handle money
- ANSWER-Surety Bond
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Cost of a depreciable asset less accumulated depreciation
- ANSWER-Book Value
Determining the break-even point when revenues equal
expenses - ANSWER-Break-even analysis
Funds acquired for use in a business - ANSWER-capital
Revenues and expenses are not recognized until cash is
received or paid out, except for depreciation expense -
ANSWER-Cash Basis Accounting
Financial report showing cash receipts and disbursements
leading to a net change in cash in a given period -
ANSWER-Cash Flow Statement
Complete listing of the names of all categories in the
ledger - ANSWER-Chart of Accounts
A person or party to whom merchandise is consigned or
shipped - ANSWER-consignee
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A business that is owned by either a few persons or
thousands, and incorporated under the laws of a given
state - ANSWER-Corporation
An ongoing, active program of management costs in a
facility - ANSWER-Cost Management
An entry on the right side of an account which increases
liability, owner's equity, and revenue accounts - ANSWER-
Credit
Debts generally due within one year that usually requires
use of current assets - ANSWER-current liability
An entry on the left side of an account that increases
assets and expense accounts and decreases liability,
owner's equity, and revenue accounts - ANSWER-Debit
A debit balance in retained earning accounts - ANSWER-
deficit
The allocation of the original cost of a tangible asset over
the period of anticipated useful life of the asset -
ANSWER-depreciation
NJ CALA – Certified Assisted Living Administrator
Exam 2026 – New Jersey Practice Questions and
Answers with Explanations||VERIFIED EXAM!!!
The allocation of the original cost of non-current intangible
asset over a period of time specified by the Federal
Government - ANSWER-amortiazation
Things of value, things owned as cash, equipment,
buildings, and accounts receivable - ANSWER-Asset
Checking , reviewing, testing, and verifying the accuracy
of accounting records by a third party - ANSWER-Audit
Financial statement summarizing assets, liabilities, and
retained earnings or net worth - ANSWER-Balance Sheet
Periodic statement from the bank summarizing deposits,
checks paid, bank charges, balances, etc. - ANSWER-
bank statement
Type of insurance covering employees who handle money
- ANSWER-Surety Bond
,2|Page
Cost of a depreciable asset less accumulated depreciation
- ANSWER-Book Value
Determining the break-even point when revenues equal
expenses - ANSWER-Break-even analysis
Funds acquired for use in a business - ANSWER-capital
Revenues and expenses are not recognized until cash is
received or paid out, except for depreciation expense -
ANSWER-Cash Basis Accounting
Financial report showing cash receipts and disbursements
leading to a net change in cash in a given period -
ANSWER-Cash Flow Statement
Complete listing of the names of all categories in the
ledger - ANSWER-Chart of Accounts
A person or party to whom merchandise is consigned or
shipped - ANSWER-consignee
, 3|Page
A business that is owned by either a few persons or
thousands, and incorporated under the laws of a given
state - ANSWER-Corporation
An ongoing, active program of management costs in a
facility - ANSWER-Cost Management
An entry on the right side of an account which increases
liability, owner's equity, and revenue accounts - ANSWER-
Credit
Debts generally due within one year that usually requires
use of current assets - ANSWER-current liability
An entry on the left side of an account that increases
assets and expense accounts and decreases liability,
owner's equity, and revenue accounts - ANSWER-Debit
A debit balance in retained earning accounts - ANSWER-
deficit
The allocation of the original cost of a tangible asset over
the period of anticipated useful life of the asset -
ANSWER-depreciation
