I don't get this. It is a positive number for Millie. She gained money, not loss.

Question

0

958

1

+422

Millie borrowed $20 from her dad. Explain why this situation indicates a negative number for Millie even though $20 is a positive number.

APatel Apr 10, 2019

+37146

+1

Best Answer

Here is my take:

Generally, you have ASSETS and LIABITIES.....

Assets are positives and are weighed against negative LIABILITIES to calculate your NET WORTH

Borrowing money increases your LIABILITY

.Her LIABILITY went up 20 liabilities are a negative......she now OWES 20 to her dad.,,,,,,

ElectricPavlov · Answer 1 · 2019-04-10T08:19:37

Here is my take:

Generally, you have ASSETS and LIABITIES.....

Assets are positives and are weighed against negative LIABILITIES to calculate your NET WORTH

Borrowing money increases your LIABILITY

.Her LIABILITY went up 20 liabilities are a negative......she now OWES 20 to her dad.,,,,,,