Once the financial statements have been prepared, the steps in the accounting cycle are complete. Which of the following is NOT one of the steps in the accounting cycle?

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The Closing Trial Balance is not a step in the accounting cycle. However, the Post-Closing Trial Balance is a step in the accounting cycle that occurs after the closing entries are made. The steps in the accounting cycle are as follows: identify transactions, journalize transactions, post transactions to the general ledger, prepare an unadjusted trial balance, record adjusting entries, prepare an adjusted trial balance, prepare financial statements, record closing entries, prepare a post-closing trial balance.

Once the Financial Statements Have Been Prepared, the Steps in the Accounting