At the time a payment is made that represents a prepayment of an expense, a prepaid account such as Prepaid Insurance is debited and the Cash account is credited. This records the prepayment as an asset on the companyâs balance sheet.
English and American cases dealing with the insurance meaning of war have defined it in accordance with the ancient international law definition: war refers to and includes only hostilities carried on by entities that constitute governments at least de facto in character..
There is also practice which does not contain the adjective âseriousâ with respect to violations and which defines war crimes as any violation of the laws or customs of war.[5] The military manuals and legislation of a number of States similarly do not require violations of international humanitarian law to be serious in order to amount to war ...