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Funeral Service National Board Exam Arts QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 VERIFIED ANSWERS) |ALREADY GRADED A+$12.99
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Abatement - ANS-Proportional discount of a legacy under a will whilst belongings out of which
such legacy are payable and now not enough to pay it in full
ABC Method - ANS-Method of classifying stock items with categories which can be of excessive
price, less highly-priced, and or low value items
Acceptance - ANS-An settlement to an offer resulting in a agreement
Account - ANS-A devise for recording the modifications (increases or decreases) within the
essential accounting elements
Account balance - ANS-Difference among the total debits and credit in an account
Account payable - ANS-Unwritten promise to pay lenders for assets, together with merchandise,
resources, or system, bought on credit score, or for offerings acquired on credit score
Account receivable - ANS-Unwritten promise by using a patron at a later date, for items bought
or offerings rendered
Accountant - ANS-One who is involved with the design of the system of data, the education of
news based totally upon the recorded data, and the translation of the reviews
Accounting cycle - ANS-The system concerned in journalizing, posting to the ledger, taking a
trial stability, getting ready statements, making adjusting and final entries, and making ready a
put up last trial balance, that is repeated every financial period
Accounting equation - ANS-Assets = Liabilities + Owners fairness
Accounts receivable turnover - ANS-Measures how oftentimes according to 12 months
receivables are amassed. Calculation: net credit sales divided via Average Accounts Receivable
Accrual accounting - ANS-Recording in every fiscal length relevant charges, whether paid or
now not, and earnings earned, whether or not gathered or no longer
Accrued expense - ANS-An price incurred in running a business all through an accounting
period, however no longer yet paid
Accrued income - ANS-Income certainly earned at some point of an accounting duration,
however in order to not be received until a later period
Acknowledgement playing cards - ANS-Cards of recognition despatched to friends for kindness
despatched to deceased's family
Acolyte - ANS-An altar attendant
Activity analysis - ANS-Measures how efficiently a company is utilizing it's property
Actual custody of the frame - ANS-Physical ownership of the useless human frame
Acute grief - ANS-Intense bodily and emotional expression of grief taking place as the notice will
increase of a loss of a person or something huge
Adaptation - ANS-The person's capacity to adjust to the psychological and emotional changes
added on with the aid of a traumatic occasion such as the demise of a great other
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