Orca SA is a joint operator of a joint operation that has incurred 420,000 of maintenance expenses, owed to a service provider and borne jointly; Orca's share of those expenses is 40 % (agreed share: case data). Case convention: the expense has not yet been paid. Record the entry recognising Orca's share of the expense.
- Maintenance expenses incurred jointly
- 420,000
- Orca's share of the expenses (agreed share)
- 40 %