Oil & Gas
JV Cash Call — Paid to Operator
Making a cash call payment to the JV operator to fund development drilling.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| JV Investment / Advance to Operator | Asset (+) | 5,000,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000,000.00 |
💡 Accountant's Note
In a joint operating agreement (JOA), the operator periodically issues cash calls to all partners. The non-operator records this as an advance that is replaced by actual capital expenditure once the JV accounting statements are received.
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