You saw a shirt for $97. You didn’t have the cash, so you borrowed $50 from your mum and $50 from your dad = $100. You bought the shirt, and had $3 change. You gave your dad $1 and your mum $1 and kept the other $1 for yourself. Now you owe your mum $49 and your dad $49. 49+49 = 98 + your $1 = 99. Where is the missing $1?

Question

ganeshie8 · Answer

assets = liabilities

anonymous · Answer

I tried to explain it... But then figured that giving you a link with a better explanations would be a better way to go. http://answers.yahoo.com/question/index?qid=20110811220340AAbFats

jim_thompson5910 · Answer

Total Owed Back + Total Paid Back = 100

98 + 2 = 100

100 = 100

There is no missing $1 because you're erroneously adding the $1 you have left over when that $1 is really part of one of the $49 you owe to either parent (so you're effectively double counting here)