CORRECT 2025/2026 LATEST UPDATE
____ is the minimum number of hours for administrator training, plus ____ hours at a license
facility - RIGHT ANSWER -40 hours, 16 hours
____ number of continuing education units every ____ years to renew administrator's license -
RIGHT ANSWER -30 hours, three years
a book of original entries - RIGHT ANSWER -journal
a business owned and usually operated by two or more persons associated as partners - RIGHT
ANSWER -partnership
a business that is owned by either a few persons or thousands, and incorporated under the laws
of a given state - RIGHT ANSWER -Corporation
a claim on particular property for payment of a debt or obligation - RIGHT ANSWER -lien
A clouding of the normally clear lens of the eye. It is an actual change within the lens, not a
growth or film over the eye - RIGHT ANSWER -Cataracts
a complete listing of accounts payable and receivable - RIGHT ANSWER -ledger
a debit balance in retained earning accounts - RIGHT ANSWER -deficit
a document prepared by the seller of merchandise or services and given or sent to the buyer -
RIGHT ANSWER -invoice
, a fund maintained to provide quickly available funds to make small purchases that may be
urgently needed - RIGHT ANSWER -petty cash fund
a log of where resident is (date/time/name/where they went) - RIGHT ANSWER -register
a method of accelerated depreciation in which the percent used in the straight-lined method is
doubled - RIGHT ANSWER -double-declining balance
a method of depreciation which allocates a greater position of cost to the early years of the life
of an asset. Double-declining balance and sum-of the years digits are two types of this method -
RIGHT ANSWER -Accelerated depreciations
a person or party to whom merchandise is consigned or shipped - RIGHT ANSWER -consignee
accounting procedure in which each financial transaction is recorded so that each entry has
equal debits and equal credits - RIGHT ANSWER -double-entry
Amounts due from residents and customers - RIGHT ANSWER -Accounts Receivable
amounts owed to suppliers for goods and services to be purchased on credit - RIGHT ANSWER
-Accounts Payable
An annual physical examination must be completed by - RIGHT ANSWER -physician or nurse
practitioner/ clinical nurse specialist
an entry on the left side of an account that increases assets and expense accounts and decreases
liability, owner's equity, and revenue accounts - RIGHT ANSWER -Debit