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By what amount did b capital amount change

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Reference no: EM132772343

A and B formed a partnership. The partnership agreement stipulates the following:

  1. Annual salary allowances of P 100,000 for A and P 40,000 for B
  2. Bonus to A of 10% of the profit after partner's salaries but before bonus
  3. The partners share profit and losses on a 60:40 ratio.

Problem 1: During the period the partnership incurred a loss of P 20,000 before deduction for salaries. By what amount did B's Capital amount change?

A. Increased by P12,000
B. Decreased by P12,000
C. Increased by P32,000
D. Decreased by P32,000

Reference no: EM132772343

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