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Capital Contributions
12 Months Ended
Mar. 31, 2012
Partners' Capital Notes [Abstract]  
Capital Contributions

 

NOTE 5 – CAPITAL CONTRIBUTIONS

 

During the year ended March 31, 2011, the Partnership was relieved of debt owed to the General Partner totaling $35,000. During the year ended March 31, 2010, the General Partner paid expenses on behalf of the Partnership. The advances were deemed to be uncollectible by the General Partner, and as such, the debt was forgiven. The cancellation of debt was recorded by the Partnership as a capital contribution from the General Partner to the Partnership and as such it is reflected in the statement of partners’ equity (deficit) in the Partnership’s financial statements.