Information required to be furnished in terms of clause (e) to notes appended to form of balance-sheet prescribed in the Schedule

Partnership investment disclosure requires partners' net credits shown as investments and profit shares disclosed to shareholders.

Net amounts standing to partners' credit-whether fixed capital accounts or merged partner accounts-must be shown under Investments and not under Current Assets, Loans and Advances. The firm's total capital should be disclosed preferably as at the company's balance-sheet date or, where capital fluctuates and accounting dates differ, as per the firm's last authenticated balance-sheet. 'Share of each partner' is to be disclosed as the partner's share in the profits of the firm rather than share in capital.