Funeral accounting - Study guides, Class notes & Summaries

AAMI ACCOUNTING ONE FINAL REVIEW WITH VERIFIED SOLUTIONS How do you increase an asset account? Debit How do you decrease an asset account? Credit How do you increase a liability account? Credit How do you decrease a liability account? debit How do you increase revenue? Credit How do you increase expenses? debit What is the accounting equation? Assets=Liabilities+Owner's Equity Cash is a(n): Asset Revenue is a(n): Owner's Equity Accounts Receivable is a(n): Asset Mortgage Payable is...

FSE2930 Prof Review Accounting Questions And Answers Rated A+ What is the difference between a personal check and a certified check? ANS the certified is guaranteed by the bank Entries at the end of a fiscal period to update the accounts are known as ANS adjusting entries The bank that is ordered to make a payment for a depositor from their bank is known as the ANS drawee An account set up to estimate for budget purposes accounts from families who will not pay their funeral bill are...

How do you increase an asset account? - Answer-Debit How do you decrease an asset account? - Answer-Credit How do you increase a liability account? - Answer-Credit How do you decrease a liability account? - Answer-debit How do you increase revenue? - Answer-Credit How do you increase expenses? - Answer-debit What is the accounting equation? - Answer-Assets=Liabilities+Owner's Equity Cash is a(n): - Answer-Asset Revenue is a(n): - Answer-Owner's Equity Accounts Receivable is a(n): - An...

American Board of Funeral Service Education - Answer-Recognized by the U.S. department of Education as the accrediting agency for funeral service education programs International Conference of Funeral Service Examining Boards - Answer-organization of state funeral service regulatory boards; creates and administers the National Board Exam American Monument Association - Answer-members are the leading quarries and manufactures of stone for monuments and markers. Provides technical education,...

AAMI Accounting 2 Final Exam with Verified Answers. The concept that prices rise over time ️ Inflation Another term for sales ️ Revenue Sales - Cost of Goods Sold ️ Gross Profit In an inflationary period what method of inventory valuation would lower profits ️ LIFO In an inflationary period what method of inventory valuation would increase profits ️ FIFO In a deflationary period what method of inventory valuation would lower profits ️ FIFO In a deflationary period what met...

Wa Laws, Rules, Regulations Funeral director Exam Questions and Answers 2024 RCW 18.39.215 -Answer-Authorization To Embalm Authorization to Embalm -Answer-No licensed embalmer shall embalm human remains without first having obtained authorization from individual(s) with right of disposition. Is embalming required by Wa State law? -Answer-No, except under certain conditions as determined by rule by the state board of health. Refrigeration 18.39.215 (2)(a) -Answer-Any licensed authorized to...

AAMI Accounting 2 Final Exam with Certified Solutions The concept that prices rise over time Inflation Another term for sales Revenue Sales - Cost of Goods Sold Gross Profit In an inflationary period what method of inventory valuation would lower profits LIFO In an inflationary period what method of inventory valuation would increase profits FIFO In a deflationary period what method of inventory valuation would lower profits FIFO In a deflationary period what method of in...

MRTS 1342 Final Exam Questions and Answers Which of the following is required on a General Price List: A. Establishment name B. Establishment address C. Establishment's telephone number D. Effective date of the GPL E. All of these - Answer-All of these A separate record of each employee's earning's earnings is called - Answer-Employee Earning Record Depreciation expense is based on estimates of useful lives and salvage value - Answer-True General Price List - Answer-The corners...

NBE ARTS Sample Questions, NBE Arts Practice Questions, NBE Arts Practice Exam, accounting NBE- compend, NBE Funeral Service M 1. Document information

AAMI ACCOUNTING ONE FINAL REVIEW 2024 QUESTIONS AND ANSWERS How do you increase an asset account? - Correct Answer ️️ -Debit How do you decrease an asset account? - Correct Answer ️️ -Credit How do you increase a liability account? - Correct Answer ️️ -Credit How do you decrease a liability account? - Correct Answer ️️ -debit How do you increase revenue? - Correct Answer ️️ -Credit How do you increase expenses? - Correct Answer ️️ -debit What is the accounting equ...