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Does business answer for boring leaflets? (9)

Ross

I believe the answer is:

transacts

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'does business answer for boring leaflets?' is the definition.
I can't judge whether this definition defines the answer.

'answer for boring leaflets?' is the wordplay.
'answer' becomes 'ans' (short for answer).
'for boring' indicates putting letters inside (to bore something can mean to drill into it).
'leaflets?' becomes 'tracts' (I've seen this before).
'ans' inserted within 'tracts' is 'TRANSACTS'.

Can you help me to learn more?

(Another definition for transacts that I've seen is " Performs, carries out business".)

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