v3.5.0.2

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Jun. 29, 2016	Jun. 29, 2015
REVENUE
Interest	$ 8,830	$ 14,963
TOTAL REVENUE	8,830	14,963
EXPENSES
Administration fees	6,319	11,428
Management fees	6,319	11,428
Professional fees	11,137	12,545
State of New Jersey filing fee	29,193	13,053
Printing, postage and other	6,850	6,959
TOTAL EXPENSES	59,818	55,413
NET LOSS	(50,988)	(40,450)
NET LOSS ATTRIBUTABLE TO
General partner net loss	(510)	(405)
Limited partners net loss	$ (50,478)	$ (40,045)
NET LOSS per unit of limited partnership interest (55,746 units of limited partnership interest)	$ (0.91)	$ (0.72)

Represents the monetary amount of Administration fees, during the indicated time period.

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Represents the monetary amount of State of New Jersey filing fee, during the indicated time period.

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Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.

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Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP).

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Aggregate amount of net income allocated to general partners.

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Aggregate amount of net income allocated to limited partners.

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The amount of net income or loss for the period per each limited partnership and general partnership unit in instances when basic and diluted earnings per unit are the same amount and aggregated on the face of the financial statements. Basic earnings per unit is the amount of net income or loss for the period per unit outstanding during the reporting period. Diluted earnings per unit includes the amount of net income or loss for the period available to each limited and general partnership unit outstanding during the reporting period and to each unit that would have been outstanding assuming the issuance of units for all dilutive potential units outstanding during the reporting period.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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The aggregate amount of expenses directly related to the supplies and postage.

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AMERICAN TAX CREDIT PROPERTIES II L P 10-Q