Question: 1 . A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those who keep cash

1.A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those who keep cash records.2.A petty cash system is not a control procedure for safeguarding cash.3.A basic guideline for safeguarding cash is that all cash receipts be deposited weekly or monthly.4.A voucher system of control is a control system exclusively for cash receipts.

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