If the owner has not made any additional investments during the period,the financial statements can be prepared directly from the work sheet.

Question

Quizplus · Accepted Answer

If there have been no additional investments by the owner during the period, then there will be no changes to the owner's equity section of the balance sheet. Therefore, the financial statements can be prepared directly from the work sheet without the need for any adjustments.

If the Owner Has Not Made Any Additional Investments During