t the beginning of the period, International Accounting Standards Board (Board) had a cash balance of P30,000 and a notes payable of P18,000. During the period, the business collected P12,000 accounts receivable, paid P10,000 notes payable, and issued additional notes payable of P3,000 in exchange for cash. How much is the ending balance of cash? show solution

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Q: ending cash balance

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.