Up & Away Airlines has provided the following information regarding cash received for ticketsales in September and October:Cash received in September for October fl ights $500,000Cash received in October for October fl ights 300,000Cash received in October for November fl ights 400,000Apply the realization principle to determine how much revenue Up & Away Airlines should reportin its October income statement.

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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.