Do you think the cash is an official category of accounts? if not, how do you describe it?

CASH IS DEFINITELY AN OFFICIAL CATEGORY OF ACCOUNTS.

BASICALLY THERE ARE TWO METHODS OF ACCOUNTING - CASH ACCOUNTING AND ACCRUAL ACCOUNTING. ANY OF THE TWO CAN BE CHOSEN - THE CRITERIA INVOLVED IS THE SIZE OF THE BUSINESS.

CASH ACCOUNTING IS  SUITABLE FOR SMALL AND PERSONAL ENTERPRISES,

ACCRUAL ACCOUNTING IS BEST SUITED FOR MEDIUM TO LARGE ORGANIZATIONS BECAUSE THE REALIZATION OF  OF FUNDS IS NOT ON A DAY TO DAY BASIS AND WILL BE INVOLVING INVENTORY , MANUFACTURING OR CONSTRUCTION.

IN MY OPINION ACCRUAL ACCOUNTING IS THE BEST BECAUSE IT GIVES THE CORRECT STATUS OF THE FINANCIAL POSITION OF THE BUSINESS AT ANY GIVEN POINT OF TIME, IT TAKES INTO ACCOUNT ALL THE REALIZED AND UNREALIZED PROFITS AND LOSSES INVOLVED.

An accounting method where receipts are recorded during the period they are received, and expenses are recorded in the period in which they are actually paid. Cash accounting is one of the two forms of accounting. The other is accrual accounting, where revenue and expenses are recorded when they are incurred. Small businesses often use cash accounting because it is simpler and more straightforward, and it provides a clear picture of how much money the business actually has on hand. Corporations, however, are required to use accrual accounting under generally accepted accounting principles.