If Flexion Means Bending a Limb,then the Suffix in Flexion

question 52

Multiple Choice

If flexion means bending a limb,then the suffix in flexion most likely means:

• A) condition.
• B) pertaining to.
• C) formation.
• D) process.

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Definitions:

Owner's Capital

The total value of assets contributed by the owner(s) to a business minus any withdrawals made by the owner(s).

Correcting Entry

An accounting entry made to correct errors found in the financial statements after they have been prepared.

Incorrect Entry

An error or mistake made in recording transactions in the accounting records.

Correcting Entry

A journal entry made to rectify an error in the accounting records, ensuring the accuracy of financial statements.