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This Type of Transaction Is One That a Business Encounters

Question 26

Multiple Choice

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

Correct Answer:

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