Answer:
The correct answer is letter "C": Is used to record the income effects of errors in making change and/or processing petty cash transactions.
Explanation:
The Cash Over and Short account is used to register a company's cash shortages and overages. It is an Income Statement account used by firms in front of inaccurate differences at the moment of replenishing a petty cash fund. In such a case, the Cash Over and Short account is useful to measure employee's cash management efficiency.
