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. 1. A basic guideline for safeguarding cash is to require all cash disbursements be made by check. T/F 2. A petty cash system of control is system to safeguard cash receipts. T/F 3. A petty cash system of control is not an adequate control system to safeguard cash disbursements. T/F 4. A basic guideline for safeguarding cash is to separate the duties of those who process cash receipts from those who have the custody of cash. T/F