Guidelines for Controls over Cash: - Separate the handling of cash from the recordkeeping of cash. - Promptly deposit cash receipts in a bank. - Make cash payments by check (or electronic funds transfer, EFT). Knowledge Check 01 All of the following are examples of controls of cash except: handing of cash is separated from the recordkeeping of cash cash receipts are deposited promptly in a bank cash payments are made by check or EFT the person handling the cash is the same person who records receipt of that cash