What is a Cash account?

An account in which Receipts, & payments of liquid money ( Cash) is recorded. Cash is a current asset, so rules of Debit, & credit shall apply for the purpose of recording cash transactions.

Cash account has a separate special journal to record inflows and outflows from a business entity called " Cash Book", as well as proper Financial statement Called "Statement of Cash flows".

Cash is the basis of business transactions in which all the monetary gain & losses are calculated.