eBook - ePub
'The General Principles of the Science of Accounts' and 'The Accountancy of Investment'
- 138 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
'The General Principles of the Science of Accounts' and 'The Accountancy of Investment'
About this book
This book, first published in 1984, reprints the important texts The General Principles of the Science of Accounts (1901) and The Accountancy of Investment (1904) in one single volume. Charles Sprague pioneered the development of accounting theory in the United States, and his work is key in the study of the history of accounting and its development.
Frequently asked questions
Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
Perlego offers two plans: Essential and Complete
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access 'The General Principles of the Science of Accounts' and 'The Accountancy of Investment' by Charles E. Sprague in PDF and/or ePUB format, as well as other popular books in Business & Accounting. We have over one million books available in our catalogue for you to explore.
Information
The Accountancy of Investment
Studies in Business
First Series, No. ?
THE ACCOUNTANCY OF INVESTMENT
INCLUDING A TREATISE ON COMPOUND
INTEREST, ANNUITIES, AMORTISATION,
AND THE VALUATION OF SECURITIES
INTEREST, ANNUITIES, AMORTISATION,
AND THE VALUATION OF SECURITIES
BY CHARLES EZRA SPRAGUE, A.M., PH.D., C.P.A., PROFESSOR IN THE NEW YORK UNIVERSITY SCHOOL OF COMMERCE, ACCOUNTS AND FINANCE ; PRESIDENT OF THE UNION DIME SAVINGS INSTITUTION ; CHAIRMAN OF THE SAVINGS BANK SECTION OF THE AMERICAN BANKERS ASSOCIATION : : :
Copyright, 1904, by Chabxbs K. Sprague
TRUNK BROS.
96 WILLIAM STREET
NEW YORK
96 WILLIAM STREET
NEW YORK
Preface
The following chapters embrace the substance of lectures delivered before the classes of the New York University School of Commerce, Accounts and Finance. They have been in many places condensed, and in others expanded, with a view to their use as a text-book.
I have introduced a treatise on Interest, Discount, Annuities, Sinking Funds, Amortisation and Valuation of Bonds, as I had not been able to find any suitable text-book which I could recommend. I hope that this will be useful to many who desire to inaugurate more scientific methods in their accountancy, but are unable to find intelligible rules for the computations. Treatises on the subject written for actuarial students are invariably too difficult, except for those who have not only been highly trained in algebra, but ate fresh in its use, and this makes the subject forbidding to many minds. I have made all my demonstrations arithmetical and illustrative, but, I think, none the less convincing and intelligible.
I am indebted to Prof. Joseph Hardcastle, C.P.A., and to Walter E. Hallett, A.B., for valuable suggestions and assistance.
CHARLES E. SPRAGUE.
New York, November, 1904.
TABLE OF CONTENTS.
INTRODUCTORY CHAPTER.
The Theory of Accounts.
The Theory of Accounts.
Balance Sheet
Equation of Accountancy
Examples
Ledger
Transactions
Debit and Credit
CHAPTER I.
Capital and Revenue.
Capital and Revenue.
Definition of Capital
Use of Capital
Sources of Capital
Investment
Revenue
Interest; Rent; Dividends
CHAPTER II.
Interest.
Interest.
Time
Ratio of Increase
Amount
Present Worth
Abbreviated Rules
CHAPTER III.
The Use of Logarithms.
The Use of Logarithms.
Nature of Logarithms
Rules for their use
Example of use in Compound Interest
CHAPTER IV.
Amount of an Annuity.
Amount of an Annuity.
Definition and Example of Annuity
Abbreviated Summation
Rule
CHAPTER V.
Present Worth of an Annuity.
Present Worth of an Annuity.
Abbreviated Process
Example and Demonstration
Schedule of Annuity
Number of Years Purchase
CHAPTER VI.
Rent op Annuity and Sinking Fund.
Rent op Annuity and Sinking Fund.
Process of Finding Rent when Present Worth is Given
Sinking Fund
Relation between Sinking Fund and Rent of Annuity
CHAPTER VII.
Nominal and Effective Rates.
Nominal and Effective Rates.
Periods not Always Annual
Rate per Annum, in that Case, only Nominal
Process of Reducing Nominal to Effective Rates
Process of Reducing Effective to Nominal Rates
CHAPTER VIII.
Valuation of Bonds.
Valuation of Bonds.
Definitions
Customary Features
Designation
Premium and Discount
Cash Rate and Income Rate
Evaluation of Bond: First Method
Second Method
Schedule of Amortisation, A
Schedule of Accumulation, B
Use of Tables
Schedules C and D
Purchases between Interest Dates
Schedule E
Balancing Periods not Coinciding with Interest Periods
Schedule F
Eliminating Residues: First Method
Second Method
Third Method
Schedule H
Short Terminals
Schedule I
Discounting
Serial Bonds
Trust Funds
Justice Cullen
Single Column Schedule
Irredeemable Bonds
Optional Redemption
CHAPTER IX.
Forms of Account—General Principles.
Forms of Account—General Principles.
General and Subordinate Ledgers
Accounting for Interest as Fast as Earned
CHAPTER X.
Real Estate Mortgages.
Real Estate Mortgages.
Definitions
Requisites for Accountancy
Form of L...
Table of contents
- Cover
- Half Title
- Original Title Page
- Original Copyright Page
- Title Page
- Copyright Page
- Editor’s Note
- Table of Contents
- The General Principles of the Science of Accounts (Commerce, Accounts & Finance, 1901)
- The Accountancy of Investment