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  • 36 Proprietors' funds

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Show at K the net proprietors' funds from the accounting records of the partnership. The amount shown at item 33 'Total assets', minus the amount shown at item 35 'Total liabilities', equals the amount shown at K.

    If this amount at item 36 'Proprietors' funds' is negative, print L in the box at the right of the amount.

    Partnerships that have adopted the Australian equivalent to International Financial Reporting Standards to prepare their financial reports should not include the current value of amounts invested in the partnership by partners at J item 35. The current value of amounts invested in the partnership should be disclosed at K item 36, even where that value is treated as a liability of the partnership in its financial reports.

    Last modified: 12 Feb 2019QC 25837