The nature of capital and income

Bibliographic data

Monograph

Identifikator:: 102659555X

URN:: urn:nbn:de:zbw-retromon-82920

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The nature of capital and income

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1923

Scope:: XXI, 427 Seiten

Digitisation:: 2019

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Income

Collection:: Economics Books

160 NATURE OF CAPITAL AND INCOME [CHmar.IX by an equal and opposite item on the outgo side. All items thus paired are represented by the same letters, the capitals being used for positive items and the small letters for negative. IncoME AND Ourco oF DrY Goops COMPANY, FOR Yrar 1906 Capital Source Income Outgo To goods bought . $5,000¢ Stock of Goods | By goods sold. $10,000 4 | To work of selling . 1,500h To storage . 1,000 g By cash taken out for: — rent . . . $1200B purchases . . 5,000C | To cash re- Cash wages . . .1600D| ceived interest pay- from sales $10,000 a ment. . . S00E profits . . .2,000F Store Lease By storage service $1,000 G | To rent paid $1,200b Rights to and | By clerk work . $1,500 H | To clerk hire $1,600d obligations from employees Bonded debt To interest paid . . $800e Capital stock To profits paid . . $2,000f Let us consider the first item of capital, the stock of goods. This yields to the company as its gross income the money obtained from sales, amounting to $10,000 (4). The payment of this money into the cash drawer becomes a debit item (a) on the part of the stock of cash. Reversely, when the rent is paid the lease of the store is debited with $1200 (b), and the stock of cash which yields this value of

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