A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements. Identify which one of following statements is true regarding this protection.

	A basic guideline for safeguarding cash is to separate the duties of those who process cash receipts from those who have custody of cash.
	A petty cash system of control is a system to safeguard cash disbursements.
	A basic guideline for safeguarding cash is to require all cash disbursements be made in cash.
	A petty cash system of control is a system to safeguard cash receipts.