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NAB Financial (2026/2027) EXAM ||VERIFIED EXAM!!!||
MOST RECENT EXAM ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM!!!
Responsibility and blame for overspending in the
department of nursing and in food services is typically
assigned by the owners to the:
1) director of nursing and director of food services
2) director of nursing and the dietitian
3) chief financial officer
4) administrator - Answer-4
Directing the accountant to move from a January 1 fiscal
year date to a June 30 fiscal year date in order to minimize
the negative image possibly created by an anticipated loss
violates the _____ concept
1) ongoing concern
2) time period
3) conservation
4) entity - Answer-2
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Allowing the bookkeeper to destroy vouchers showing
payments made for meals to employees once these are
recorded may violate the _____ concept
1) objective evidence
2) consistency
3) time period
4) entity - Answer-1
Pieces of paper indicating money owed to or by the facility,
bank statements, and similar pieces of paper or its
electronic equivalent are known as:
1) paper trail
2) source documents
3) bill of lading
4) records - Answer-2
In reality, the one person generally held accountable for
the financial operation of the nursing facility is the:
1) owner(s)
2) administrator
3) governing board
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4) auditor - Answer-2
It is normally the _____ who records the daily cash
transactions of the facility
1) accountant
2) financial director
3) bookkeeper
4) financial secretary - Answer-3
Generating reports on the financial standing of the nursing
facility is generally assigned to:
1) the accountant
2) the director of finance
3) the administrative assistant
4) chief financial officer (CFO) - Answer-1
A administrator who instructs the accountant to begin
reporting facility finances by recording all expenditures
and all receipts as they actually occur has decided to use
the _____ system of accounting
1) cash
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2) simplified
3) no-fault
4) accrual - Answer-1
It is difficult to recognize items such as depreciation and
pre-paid insurance in the _____ system of accounting
1) accrual
2) simplified
3) cash
4) income and expense - Answer-3
The Generally Accepted Accounting Practices (GAAP) do
not normally require financial statements prepared for
general distribution to include:
1) income statement, or profit/loss statement
2) balance sheet, or statement of financial position
3) statement of changes in financial position
4) chart of accounts - Answer-4
The income statement shows whether ______ were
sufficient to cover expenses
NAB Financial (2026/2027) EXAM ||VERIFIED EXAM!!!||
MOST RECENT EXAM ACTUAL COMPLETE REAL
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM!!!
Responsibility and blame for overspending in the
department of nursing and in food services is typically
assigned by the owners to the:
1) director of nursing and director of food services
2) director of nursing and the dietitian
3) chief financial officer
4) administrator - Answer-4
Directing the accountant to move from a January 1 fiscal
year date to a June 30 fiscal year date in order to minimize
the negative image possibly created by an anticipated loss
violates the _____ concept
1) ongoing concern
2) time period
3) conservation
4) entity - Answer-2
,2|Page
Allowing the bookkeeper to destroy vouchers showing
payments made for meals to employees once these are
recorded may violate the _____ concept
1) objective evidence
2) consistency
3) time period
4) entity - Answer-1
Pieces of paper indicating money owed to or by the facility,
bank statements, and similar pieces of paper or its
electronic equivalent are known as:
1) paper trail
2) source documents
3) bill of lading
4) records - Answer-2
In reality, the one person generally held accountable for
the financial operation of the nursing facility is the:
1) owner(s)
2) administrator
3) governing board
,3|Page
4) auditor - Answer-2
It is normally the _____ who records the daily cash
transactions of the facility
1) accountant
2) financial director
3) bookkeeper
4) financial secretary - Answer-3
Generating reports on the financial standing of the nursing
facility is generally assigned to:
1) the accountant
2) the director of finance
3) the administrative assistant
4) chief financial officer (CFO) - Answer-1
A administrator who instructs the accountant to begin
reporting facility finances by recording all expenditures
and all receipts as they actually occur has decided to use
the _____ system of accounting
1) cash
, 4|Page
2) simplified
3) no-fault
4) accrual - Answer-1
It is difficult to recognize items such as depreciation and
pre-paid insurance in the _____ system of accounting
1) accrual
2) simplified
3) cash
4) income and expense - Answer-3
The Generally Accepted Accounting Practices (GAAP) do
not normally require financial statements prepared for
general distribution to include:
1) income statement, or profit/loss statement
2) balance sheet, or statement of financial position
3) statement of changes in financial position
4) chart of accounts - Answer-4
The income statement shows whether ______ were
sufficient to cover expenses
