Is it Debit : Goodwill (To All Men), Credit : Owner's Capital Account?
Ho Ho Ho
Thee may be reet, lad, but at least ah've got messen a dictionary. Can't find 'Receiptant' - is it someone in the returns queue at Marks & Spencer with a reindeer sweater in a plastic bag, and clutching a grubby piece of paper?
No! It is:
Dr P&L (Waste of Money)
Cr Cash (Ditto)
I believe the other side of the double entry would be to credit the account 'Global Defence Spending'
This will correctly decrease this expenditure account to provide 'Peace on Earth'