Question

Mark was recording accounting transactions when he came across a non-standard transaction type. however, based on his knowledge of accounting practices, he was able to come up with a reasonable solution for recording the transaction. this is an example of using a(n)

Answer 1

The way he was able to come up with a reasonable solution in the transactions is because he had used a conceptual framework in which had helped him in having to formulate and solve new problems and solutions that has been given.