KENTUCKY STATE BOARD FUNERAL DIRECTOR'S EXAM 2024 LATEST STUDY QUESTIONS WITH ANSWERS (100% VERIFIED) | RATED A+
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KENTUCKY STATE BOARD FUNERAL DIRECTOR\'S
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KENTUCKY STATE BOARD FUNERAL DIRECTOR\'S
KENTUCKY STATE BOARD FUNERAL DIRECTOR'S EXAM 2024 LATEST STUDY QUESTIONS WITH ANSWERS (100% VERIFIED) | RATED A+
Assets - Answer>>>property of monetary value owned by a business
Current Assets - Answer>>>Cash and other assets that will be converted into cash or consumed within o...
KENTUCKY STATE BOARD FUNERAL DIRECTOR'S
EXAM 2024 LATEST STUDY QUESTIONS WITH
ANSWERS (100% VERIFIED) | RATED A+
I Wish You the Best in Your Studies and Exam Revision.
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, Assets - Answer>>>property of monetary value owned by a business
Current Assets - Answer>>>Cash and other assets that will be converted into cash or consumed
within one year
Cash - Answer>>>coins, currency/paper money, checks, credit card receipts and money orders
received from others, as well as money deposited in the bank
Petty Cash Fund - Answer>>>a fund of currency and coin established for the payment of small
amounts of money
Accounts receivable - Answer>>>an unwritten promise by a consumer to pay, at a later date, for
goods sold or services rendered
Prepaid Expense - Answer>>>items which are considered to be assets when acquired, but which
will become expenses when consumed or expired
Supplies - Answer>>>a type of asset that be consumed as it is used. (example: embalming
supplies and office supplies)
Inventory (Merchandise) - Answer>>>goods purchased for resale at a profit
Fixed Assets/Long Term Assets - Answer>>>property of a relatively permanent nature used in
the operation of a business and not intended for resale
Tangible Assets - Answer>>>those assets that can be appraised by value or seen or touched
i. Equipment
ii. Automobiles
iii. Furnishings
iiii. Land and Building
Intangible Assets - Answer>>>Those assets that cannot be touched or grasped (examples:
patents, copyrights, and goodwill)
Liabilities - Answer>>>any debts that a business owes
Current Liabilities - Answer>>>debts of a business that are generally paid within one year
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