# Jackson owes his sister Monica $15. Explain the meaning of zero in this situation.

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###### Question:

Jackson owes his sister Monica $15. Explain the meaning of zero in this situation.

## Answers

accounting wise, if a value is positive, is an asset, you're above water, +50, you have 50 bucks in your account/pocket.if a value is negative, is a liability, you're below water, -50, you owe 50 bucks, you're in the hole for 50 clams.so Jackson owes Monica $15, he's in the hole for 15 bucks, namely his balance with his sister is -15.if he pays her $1, he owes her 14, so -14 is his balance, let's make a quick table of thatpays her 1................... -14pays her 2..................-13pays her 3...................-12and so onpays her 13.................-2pays her 15..................00 means, he paid her in full.

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