Recurring financial activities that are reflected in the accounting records in the normal course of business are referred to as:
A) recurring events.
B) routine transactions.
C) common assertions.
D) entity-level controls.

Question

Quizplus · Accepted Answer

Routine transactions are the recurring financial activities reflected in the accounting records during the normal course of business, such as sales, purchases, and payroll.

Recurring Financial Activities That Are Reflected in the Accounting Records