NJ CALA EXAM (ACTUAL 2026) QUESTIONS &
VERIFIED ANSWERS UPDATED 2026-2027 | 100%
VERIFIED | GUARANTEED PASS.
Cost Management - <<<Answers>>.an ongoing, active
program of management costs in a facility
Credit - <<<Answers>>.an entry on the right side of an
account which increases liability, owner's equity, and revenue
accounts
Debit - <<<Answers>>.an entry on the left side of an account
that increases assets and expense accounts and decreases
liability, owner's equity, and revenue accounts current
liability - <<<Answers>>.debts generally due within one
year that usually requires use of current assets
deficit - <<<Answers>>.a debit balance in retained earning
accounts long-term liability - <<<Answers>>.an obligation
not due for more than one year
,note - <<<Answers>>.an unconditional written promise to pay
a definite swum of money at a certain date
operating budget - <<<Answers>>.one that includes
anticipated income by source and anticipated expenditures by
category
partnership - <<<Answers>>.a business owned and usually
operated by two or more persons associated as partners
par value - <<<Answers>>.the value amount printed on a
stock certificate, the amount per share at which par value
stock is recorded in accounts
marginal return - <<<Answers>>.the point at which income
equals expenses, the break-even point
Master Budget - <<<Answers>>.one that includes cash
budget, capital budget, liquidity ratio, and pro-forma financial
statement
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petty cash fund - <<<Answers>>.a fund maintained to provide
quickly available funds to make small purchases that may be
urgently needed
net profit - <<<Answers>>.income over expenses before taxes
and dividends are paid
VERIFIED ANSWERS UPDATED 2026-2027 | 100%
VERIFIED | GUARANTEED PASS.
Cost Management - <<<Answers>>.an ongoing, active
program of management costs in a facility
Credit - <<<Answers>>.an entry on the right side of an
account which increases liability, owner's equity, and revenue
accounts
Debit - <<<Answers>>.an entry on the left side of an account
that increases assets and expense accounts and decreases
liability, owner's equity, and revenue accounts current
liability - <<<Answers>>.debts generally due within one
year that usually requires use of current assets
deficit - <<<Answers>>.a debit balance in retained earning
accounts long-term liability - <<<Answers>>.an obligation
not due for more than one year
,note - <<<Answers>>.an unconditional written promise to pay
a definite swum of money at a certain date
operating budget - <<<Answers>>.one that includes
anticipated income by source and anticipated expenditures by
category
partnership - <<<Answers>>.a business owned and usually
operated by two or more persons associated as partners
par value - <<<Answers>>.the value amount printed on a
stock certificate, the amount per share at which par value
stock is recorded in accounts
marginal return - <<<Answers>>.the point at which income
equals expenses, the break-even point
Master Budget - <<<Answers>>.one that includes cash
budget, capital budget, liquidity ratio, and pro-forma financial
statement
, Thank you for Purchasing this exam Study
Guide. We provide high-quality academic
materials to help students excel in exams.
Our other Services include but not limited
to: academic research, University & College
assignments writing, essay writing, Online
Classes, and research projects. Our services
are reliable, affordable, and plagiarism-
free. All the Best in your Exam. For more
information; Contact us at:
or
0R +254
741484450
petty cash fund - <<<Answers>>.a fund maintained to provide
quickly available funds to make small purchases that may be
urgently needed
net profit - <<<Answers>>.income over expenses before taxes
and dividends are paid
