(A) Recording the transaction (X)
(B) Identifying the transaction ()
(C) Posting the transaction (X)
(D) Preparing the source documents (X)
Answers: The first step in accounting process is Identifying the transaction.
(A) Recording the transaction (X)
(B) Identifying the transaction ()
(C) Posting the transaction (X)
(D) Preparing the source documents (X)
Answers: The first step in accounting process is Identifying the transaction.
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