Which of the Following Organizations Administers the CLA and the APC

question 84

Multiple Choice

Which of the following organizations administers the CLA and the APC exams?

• A)State bar associations
• B)NFPA
• C)NALA
• D)PLA

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which are expected to be settled through the transfer of assets, provision of services, or other economic benefits.

Income Statement Account

A financial account that shows the company's revenues, expenses, and net income over a specific period.

Petty Cash Transactions

Small purchases or expenditures paid using a readily available cash fund.

Cash Over and Short

An account that reports the discrepancies between the physical count of cash and the recorded amounts in a business's financial records.