If a company does not use reversing entries, the last step in its accounting cycle is to prepare a post-closing trial balance.

Name: If a company does not use reversing entries, the last step in its accounting cycle is to prepare a post-closing trial balance.
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The last step in the accounting cycle, whether or not a company uses reversing entries, is to prepare a post-closing trial balance to ensure that debits equal credits after closing entries are made.

If a Company Does Not Use Reversing Entries, the Last