A

Accounting, philosophical basis of,
129, 140. See Capital accounts
and Income accounts.
Accumulation of interest: not income,
 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 concept.

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 terminable,
 194-195; capital-value of
perpetual, 205-208; ‘“deferred,”
207; examples of perpetual,
208-209; capital-value of terminable,
 209-210; examples of
terminable, 210-211; the perpetual,
 taken as the standard
income, 236-237; sinking fund
based on difference between income
 and ideal terminable,
243-244; depreciation fund
based on difference between
actual income and ideal perpetual,
 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 bankruptey
 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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