Funeral Service National Board Exam Arts 2024-2025, Exams of Anatomy

Download Funeral Service National Board Exam Arts 2024-2025 and more Exams Anatomy in PDF only on Docsity! Funeral Service National Board Exam Arts 2024-2025. Questions & Correct Answers. Graded A+ Abatement - ANSProportional reduction of a legacy under a will when assets out of which such legacy are payable and not sufficient to pay it in full ABC Method - ANSMethod of classifying inventory items with categories which are of high value, less costly, and or low cost items Acceptance - ANSAn agreement to an offer resulting in a contract Account - ANSA devise for recording the changes (increases or decreases) in the fundamental accounting elements Account balance - ANSDifference between the total debits and credits in an account Account payable - ANSUnwritten promise to pay creditors for property, such as merchandise, supplies, or equipment, purchased on credit, or for services received on credit Account receivable - ANSUnwritten promise by a customer at a later date, for goods sold or services rendered Accountant - ANSOne who is concerned with the design of the system of records, the preparation of reports based upon the recorded data, and the interpretation of the reports Accounting cycle - ANSThe process involved in journalizing, posting to the ledger, taking a trial balance, preparing statements, making adjusting and closing entries, and preparing a post closing trial balance, which is repeated each fiscal period Accounting equation - ANSAssets = Liabilities + Owners equity Accounts receivable turnover - ANSMeasures how many times per year receivables are collected. Calculation: net credit sales divided by Average Accounts Receivable Accrual accounting - ANSRecording in each fiscal period applicable expenses, whether paid or not, and income earned, whether collected or not Accrued expense - ANSAn expense incurred in operating a business during an accounting period, but not yet paid Accrued income - ANSIncome actually earned during an accounting period, but which will not be received until a later period Acknowledgement cards - ANSCards of recognition sent to friends for kindness sent to deceased's family Acolyte - ANSAn altar attendant Activity analysis - ANSMeasures how efficiently a firm is utilizing it's assets Actual custody of the body - ANSPhysical possession of the dead human body Acute grief - ANSIntense physical and emotional expression of grief occurring as the awareness increases of a loss of someone or something significant Adaptation - ANSThe individual's ability to adjust to the psychological and emotional changes brought on by a stressful event such as the death of a significant other Adaptive funeral rite - ANSA funeral rite that is adjusted to the needs and wants of those directly involved; one which has been