The first step in accounting process is:?

Identifying the transaction...............

It is B)  Identifying the transaction.,.,.,.,.,.,.,.,

identifying and classifying transactions

Of course,B....then only we can go for posting the same

I would say, you need to Identify the transaction first before preparing the source documents. 

B-IDENTIFY THE TRANSACTION.

 I think the correct answer is B .

B) Identifying the Transaction... for anything further u need to identify what exactly it is.. 

Its Option B. Before recording the Trnx firstly it should be identified... to which category it belongs to.. 

The answer is B. Identifying the transaction.

This first step in the accounting process is identifying the transaction which includes the preparation of source documents which relates to the transaction.

Option B is the right answer....