A 
Accounting, philosophical basis of, 
129, 140. See Capital accounts 
and Income accounts. 
Accumulation of interest: not in- 
come, but increase of capital, 
134-135, 224; results of, 224- 
226. 
Adornment, services of, 165. 
Agio sense of rate of interest, 195, 
247, 334. See Premium con- 
cept. 
Agriculture amenable to prediction, 
291. 
Amortization, definition of, 110, 332. 
See Depreciation fund. 
Amount of a sum, definition of, 203, 
329. 
Amusement, services of, 165. 
Annuity, regarded as income, 111; 
concept of interest based on 
perpetual, 191-194, on termi- 
nable, 194-195; capital-value of 
perpetual, 205-208; ‘“deferred,” 
207; examples of perpetual, 
208-209; capital-value of ter- 
minable, 209-210; examples of 
terminable, 210-211; the per- 
petual, taken as the standard 
income, 236-237; sinking fund 
based on difference between in- 
come and ideal terminable, 
243-244; depreciation fund 
based on difference between 
actual income and ideal per- 
petual, 243-244; mathematical 
formula for present value of 
perpetual, 369; formule and 
diagrams of capital-value of, 
payable annually, semi-annually, 
ete., 369-371; formule for 
capital-value of terminable, 374 
378; taxation of terminable, 
in England, 401. 
INDEX 
Appraisal of wealth, methods used 
in, 11-12, 34-36; based on 
future worth, 204-205. 
Appraised price, 13; a source of 
inaccuracy in measurement of 
wealth, 16-17; discrepancies 
between, and actual selling price 
(of shares in stock company), 
70-72. 
Apprenticeship considered as an 
investment, 169-170. 
Area method of representing income, 
207-208, 371-374. 
Assets, definition of, 67-68, 329; 
discrepancies in valuation of, 
71-72; effect of increase or 
decrease in value of, 73-74; 
fraudulent methods of swelling, 
74; relation of stability of, to 
capital-balance necessary for 
safety of a business, 81; cash, 
quick, and slow, 82; true value 
of liabilities derived from, 84— 
85, 139; items of, to be included 
in capital and income accounts, 
139-140 ; methods employed for 
obtaining valuation of bank 
(discount paper, short-time 
loans), 194-195, 198-199, 204; 
effect of chance element on value 
of, 287-288; figures of, of life 
insurance companies, 295. 
Assignment, settlement of bank- 
ruptey by, 86. 
Austria, taxation of forest lands in, 
254. 
B 
Balances, method of: in summing 
capital or income accounts, 90- 
91, 142-143, 183, 335; taxation 
by, 97-98; contrasted with 
method of couples in income 
summation, 157-158. 
  
Appraisal of labor, 172. 
413 
Balance sheet, definition of, 329. 
  
  
  
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