Describe Critical Thinking; and Discuss the Five Principles That Form

question 21

Essay

Describe critical thinking; and discuss the five principles that form the foundation of it.

---

Definitions:

Ledger

A book or collection of financial accounts where all transaction records for a business are maintained.

Specific Asset

An identifiable and tangible asset that is required or utilized for a particular function or project.

Decreases

A decrease refers to a reduction in the size, amount, or number of something.

Source Documents

Original records or documents containing important details of a transaction, used as evidence and data for bookkeeping.