John Wayne International Airport is the sole commercial airport in Orange County. General aviation operations outnumber commercial operations and several facilities at the airport serve the general aviation and corporate aviation community. The other general aviation airport in the county is Fullerton Municipal Airport.
Inventory, general expenses, and payroll. â Cash, accounts receivable, and sales. These accounts are part of the acquisition cycle. When auditing the existence assertion for an asset, auditors proceed from the Supporting original transaction documents to the general ledger. General ledger back to the supporting original transaction documents. Financial statement amounts back to the potentially unrecorded items.
You should have a general ledger income and expense account for each type of reimbursement income you want to track at the financial statement level. Create an Item with a Type of Other Charge for each reimbursable item type for which youâll invoice your customers. Check the box to indicate This item is used in assemblies or is a reimbursable charge. Doing so will allow you to record both the Income Account and Expense Account for this Other Charge Item.