162 NATURE OF CAPITAL AND INCOME  [Cmar. IX

items of $1200 and four of $1600. Of these, two of each
might well be, and in practice usually are, dispensed with.
These are the pair of items “storage service” (G and g¢)
and the pair “clerk work” (H and kh). Omitting these,
which are both appraised items, there will be left only
cash transactions. These may be further simplified by
dispensing with the two categories called “store lease”
and “rights to and obligations from employees,” by placing
the rent (b) and the wages (d) under the head of “stock of
goods.” In other words, we charge the expenses for rent
and wages directly against the goods stored and cared for
instead of, as in the table, charging against them “storage
service” and “work of selling.” There is no difficulty in
recognizing the resulting accounts as those employed in
ordinary bookkeeping. Occasionally the more elaborate
accounting is necessary, as when a very old lease, like some
still in force in London, requires only a nominal rent charge
compared with the benefits conferred.

§ 10

In the case of real persons, however, the two sides do not
balance, for the accounts do not consist solely of double
entries. To show this, let us recur to the accounts of the
lawyer considered in Chapter VIII. The table on the
opposite page reproduces those accounts, with some of the
items given in greater detail.
In these accounts, as in the previous ones, we have indicated
 the like items on opposite sides by like letters, the
positive being represented by capitals and the negative
by small letters. We observe that, as in the corporation
accounts, many of the items will ““ pair.” But, unlike the
corporation accounts, the present accounts contain a residue
 of items which will not pair. The letters representing
these unpaired items are designated by being inclosed in
square brackets. They show that [B], [C], [D], [0]— the
shelter of the house, use of furniture, use of food, use of