This paper presents a buswise transmission loss allocation algorithm utilizing the transaction strategy. We prove that whatever calculated by any transaction strategy, the total of the allocated transmission losses of each bus, including no-load loss allocation, almost equals the total loss of AC power flow algorithm and the loss is perfectly slackbus-independent. In this paper, the allocated transmission losses of each bus is calculated by the method of integrating loss sensitivities using by the load level parameter ${lambda}$. The performance of the proposed algorithm is evaluated by the case studies carried out on the WSCC 9-bus and IEEE 14-bus systems.