Let's Assume You Saw A Laptop Of 97K. You Didn't Have The Cash, So You Borrowed 50K From Ur Mom And 50K From Ur Dad = 100K. You Bought The Laptop Which Left You With 3K Change. You Gave Ur Dad 1K And Ur Mum 1K And Kept The Other 1K To Yourself. Now You Owe Your Mum 49K And Ur Dad 49K. Now 49K+49K = 98K + Ur 1K Kept = 99K.Where Is The Missing 1K?

nadismeq7:
Let's Assume You Saw A Laptop Of 97K. You Didn't Have The Cash, So You Borrowed 50K From Ur Mom And 50K From Ur Dad = 100K. You Bought The Laptop Which Left You With 3K Change. You Gave Ur Dad 1K And Ur Mum 1K And Kept The Other 1K To Yourself. Now You Owe Your Mum 49K And Ur Dad 49K. Now 49K+49K = 98K + Ur 1K Kept = 99K.Where Is The Missing 1K?

There is no missing 1k from the 100k.
Reason: after giving my mum and dad 1k each it means they both actually paid 49k each totalling 98k. Out of that 98k the laptop seller has 97k while I am with the remaining 1k.

Agreed! No missing 1k. You did the calculation wrong from the start. This is reffered to as double counting in accounting.

Agreed! No missing 1k. You did the calculation wrong from the start. This is reffered to as double counting in accounting. assignment help

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