Under which circumstance would one less closing entry than usual be made?

Name: Under which circumstance would one less closing entry than usual be made?
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Question

Quizplus · Accepted Answer

Closing entries are made to transfer temporary accounts (revenues, expenses, and dividends) to the Retained Earnings account. If there is no net income or loss, the temporary accounts will already have zero balances, and therefore only one closing entry will be necessary to transfer the balance of the Dividends account to Retained Earnings.

Under Which Circumstance Would One Less Closing Entry Than Usual