Question

Which one of the following is the first step of
accounting process ?
a) communicating to the Intrested parties.
b) Measurement of transactions
c) Identification and recording of financial transactions and events
d) Analysing.​

Answer 1

Answer:

IDENTIFICATION AND RECORDING OF FINANCIAL TRANSACTIONS AND EVENTS

Explanation:

AS FIRST WE IDENTIFY THE TRANSACTIONS AND EVENTS AND THEN RECORD THEM IN JOURNAL

Answer 2

Concept Introduction:-

Accounting is the practise maintaining a record of a company's financial transactions.

Explanation:-

We have been provided a question

We need to choose from the given alternatives the correct option

The correct option is $c)$ Identification and recording of financial transactions and events.

It is because  Analyze and record transactions. Post transactions to the ledger. Prepare an unadjusted trial balance.

Final Answer:-

The correct answer is option $c)$ Identification and recording of financial transactions and events.

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