Ani 
  
  
  
  
$1. 
§ 2. 
§ 3. 
§ 4. 
§ 5. 
§ 6. 
$7. 
§ 8. 
§ 11. 
  
- Summation by ¢ method of balances »’ 
. ‘Interactions’? . : : : . : . 
. Interactions which change the form of wealth (production) 
- Interactions which change the place of wealth (transportation) 
. Interactions which change the ownership of wealth (exchange) 
- Accounts illustrative of the first class (production) 
+ Results of combining these accounts 
- Methods of balances and couples contrasted : 2 
- Accounts illustrative of the third class, for fictitious persons . 
- Accounts illustrative of the third class, for real persons . 
ANALYTICAL TABLE OF CONTENTS 
. Nature of credit . : : . 3 . 
. Importance of distinguishing methods of couples and balances 
CHAPTER VII 
INcoME 
Difficulties of defining income . 
The money-income concept 
The real-income concept . i ? . . 
Error of including as income both commodities and services . 
Vain attempts to escape the pitfalls thus laid . 
Income not restricted to ‘‘ enjoyable?’ elements 
So-called social and individual income 
Conclusion 
. . . . 
CHAPTER VIII 
IncoME Accounts 
. Introduction % . ; 
- Specimen income and outgo accounts 3 . . 
. Cost of construction is to be included in outgo accounts . 
- Devices for making income regular . 
. Applications of income accounting . 
. Example of individual accounts . : . 
- Income and outgo account for negative capital (liabilities) 
- Limitations of practical bookkeeping 
. Income accounts for fictitious persons 
§ 10. 
. . ° . 
. . . 
. 
. 
. . . 
Relation of income accounts to capital accounts . . 
CHAPTER IX 
IncoME SUMMATION 
. 
Conclusion 
. . . . . 
    
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