Proper accounting for cash receipts

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Reference no: EM13148218

A small gift shop has just launched a new Web site where customers can purchase products. The Web site's e-commerce software systems automatically generate daily sales reports and forward the reports to the gift shop's accountant. The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online sales?

Reference no: EM13148218

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