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..
The doctrine of conquest and its derivative rules were challenged in the 20th century by the development of the principle that aggressive war is contrary to international law , a view that is expressed in the covenant of the League of Nations , the Kellogg-Briand Pact of 1928 , the charters and judgments of the international military tribunals ...