The analysis of purchase transactions is the first step that is involved in the process of accounts payable.
Payments which are yet to be made, but have been accrued as received by the seller, are known as accounts payable. They are shown as liabilities in the balance sheet of the organization.
While sorting the purchase transactions, it can be determined which of the purchases have already been paid and which are to be posted to the accounts payable.
Hence, option D explains the initial step involved in the accounts payable process.
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