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QS 8-4 Internal control for cash LO P1 Identify each of the following statements as either true or false. a. A guideline for safeguarding cash is that all cash receipts be deposited monthly or yearly b. A voucher system of control improves internal control of cash payments. C. A guideline for safeguarding cash is to require all cash payments be made in cash d. It is good internal control for the recordkeeper to be in charge of writing and signing checks when the owner is out of town