Oil & Gas
JV Cash Call Surplus — Returned to Partners
Recording the return of excess cash call funds after a budget underspend.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank (Surplus Returned) | Asset (+) | 250,000.00 | - |
| JV Advance Receivable (Reduced) | Asset (-) | - | 250,000.00 |
💡 Accountant's Note
When actual JV expenditure is less than the cash call, the operator returns the surplus. The non-operator reduces their advance receivable. No P&L impact — it is a balance sheet adjustment only.
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