The account that provides control for small transactions that occur on a regular basis:

		d) Sales Returns and Allowances
		a) Petty Cash
		b) Allowance for Doubtful Accounts
		c) Purchases

Payments to Nakatomi Co. are received by mail. One employee is assigned the job of recording the receipt of funds, making the journal entries, and making the daily deposit. What control principles are violated with this arrangement?

		a) Divide responsibilities
		d) Both of these
		b) Separate record keeping from custody of assets
		c) None of these