1.ICE PRINCESS VOYAGER has provided the following information regarding ticket sales and collections from October to December. Cash received in Oct for Nov. cruise P5,500,000 Cash received in Nov. for Nov. cruises 3,000,000 Cash received in Nov. for Dec. cruises 4,000,000 Cash received in Dec. for Nov. cruises 4,500,000 Using the cash method , how much revenue should be reported for November? 2. using the accrual method, how much should be the revenue for November?

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.