This type of transaction is one that a business encounters on a regular, recurring basis.The volume of the transactions is so large that transactions and the related accounting activities become second nature to the employees responsible for handling them.Specific authorization for each of these transactions is not necessary.The type of transaction referred to is:
A)Non-routine transaction
B)Payroll transaction
C)Fixed asset transaction
D)Routine transaction

Question

Quizplus · Accepted Answer

Routine transactions are those that happen on a regular basis and don't require specific authorization for each occurrence. Examples include sales, purchases, and cash disbursements. The volume of these transactions is high enough that the employees responsible for handling them become familiar with the related accounting activities.

This Type of Transaction Is One That a Business Encounters