Oil & Gas
JV Carried Interest — Funding on Behalf of Carry Partner
Recording the carrying of a partner's share of exploration costs in exchange for a promoted interest.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Carry Receivable (Exploration Phase) | Asset (+) | 5,000,000.00 | - |
| E&E Assets (Own Share Only) | Asset (+) | 5,000,000.00 | - |
| Cash (Total Funding — Own + Carried Share) | Asset (-) | - | 10,000,000.00 |
💡 Accountant's Note
In a carry arrangement, one party funds another's share in exchange for a larger stake in production economics. The carrier capitalizes its own share to E&E and records a receivable for the carried amounts — recoverable from future production.
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