NAB CORE RCAL-FINANCIAL EXAM QUESTIONS WITH
COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW
2025
Account balance - CORRECT ANSWER - >the difference between
the total debits and the total credits in an account
Accrued interest payable - CORRECT ANSWER - >current liability
Amoritazation - CORRECT ANSWER - >the paying off of a debt in
regular installments over a period of time
Assets - CORRECT ANSWER - >the cash, inventory, property,
plant, and equipment, and other investments a company has
made
Balance Sheet - CORRECT ANSWER - >A financial statement that
reports assets, liabilities, and owner's equity at any given point
Control Systems - CORRECT ANSWER - >Measurement,
evaluation and correction. spenddown
Cost Creep - CORRECT ANSWER - >Increasing of costs (usually
labor) as a result of increased resident acuity without any
increase in revenue as an offset.
Assets - CORRECT ANSWER - >Can be liquidated quickly
, Current Ratio - CORRECT ANSWER - >current assets - current
liabilities
The wider the margin, the sounder your company
Equities - CORRECT ANSWER - >Financial rights to the assets of
a business (the bank or the investors)
FICA - CORRECT ANSWER - >SS TAX
Fiscal/Calendar year - CORRECT ANSWER - >A term that is used
to differentiate a budget or financial year from the calendar
year.
fixed costs/charges - CORRECT ANSWER - >Stay the same
Income Statement - CORRECT ANSWER - >Revenues - Expenses
= Net Income
Liabilities - CORRECT ANSWER - >Debts
Net Worth - CORRECT ANSWER - >total assets minus total
liabilities
Unearned Revenue - CORRECT ANSWER - >Prepayments
voucher - CORRECT ANSWER - >How a liability is recorded
Working Capital - CORRECT ANSWER - >current liabilities-
current assests PLUS net income, depreciation, taxes, proceeds
COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW
2025
Account balance - CORRECT ANSWER - >the difference between
the total debits and the total credits in an account
Accrued interest payable - CORRECT ANSWER - >current liability
Amoritazation - CORRECT ANSWER - >the paying off of a debt in
regular installments over a period of time
Assets - CORRECT ANSWER - >the cash, inventory, property,
plant, and equipment, and other investments a company has
made
Balance Sheet - CORRECT ANSWER - >A financial statement that
reports assets, liabilities, and owner's equity at any given point
Control Systems - CORRECT ANSWER - >Measurement,
evaluation and correction. spenddown
Cost Creep - CORRECT ANSWER - >Increasing of costs (usually
labor) as a result of increased resident acuity without any
increase in revenue as an offset.
Assets - CORRECT ANSWER - >Can be liquidated quickly
, Current Ratio - CORRECT ANSWER - >current assets - current
liabilities
The wider the margin, the sounder your company
Equities - CORRECT ANSWER - >Financial rights to the assets of
a business (the bank or the investors)
FICA - CORRECT ANSWER - >SS TAX
Fiscal/Calendar year - CORRECT ANSWER - >A term that is used
to differentiate a budget or financial year from the calendar
year.
fixed costs/charges - CORRECT ANSWER - >Stay the same
Income Statement - CORRECT ANSWER - >Revenues - Expenses
= Net Income
Liabilities - CORRECT ANSWER - >Debts
Net Worth - CORRECT ANSWER - >total assets minus total
liabilities
Unearned Revenue - CORRECT ANSWER - >Prepayments
voucher - CORRECT ANSWER - >How a liability is recorded
Working Capital - CORRECT ANSWER - >current liabilities-
current assests PLUS net income, depreciation, taxes, proceeds
