Which of the following is true for the Cash Short or Over account?Cash Short or Over is debited when there is a cash overage.The Cash Short or Over account has a normal credit balance.The Cash Short or Over account has a normal debit balance.Cash Short or Over is debited when there is a cash shortage.

Essential Small Business Accounting Tasks
Bookkeeping: Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.