Into which one of the five account categories does the Cash account fall?

1. The five account categories are assets, liabilities, equity, revenue, and expenses. 2. An asset is anything of value that a business owns. 3. Cash records the money a business possesses, which is something it owns. 4. Therefore Cash is classified as an asset, not a liability, revenue, or expense. _Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §1.1 "Introducing Accounts and Balances", p.11_