Final answer:
The correct answer is D) communication. The accounting process consists of identification, verification, and recording.
Step-by-step explanation:
The correct answer is D) communication. Communication is not a step in the accounting process. The accounting process consists of several steps, including identification, verification, and recording.
Identification involves identifying and selecting the financial transactions and events that are relevant to the organization's financial statements. Verification involves verifying the accuracy and completeness of the identified transactions and events. Recording involves recording the identified and verified transactions and events in the accounting records.