Oil & Gas
Make-Up Gas Delivery — Take-or-Pay Fulfillment
Delivering make-up gas to a buyer who previously paid but did not take their contracted volumes.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Take-or-Pay Liability (Deferred Revenue) | Liability (-) | 500,000.00 | - |
| Gas Revenue (Make-Up Earned) | Revenue (+) | - | 500,000.00 |
💡 Accountant's Note
When previously deferred take-or-pay revenue is finally earned by delivering the gas, the liability is released to revenue. The make-up period may span several years depending on the gas sales agreement terms.
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