Xiao Ming borrows 500 yuan from his parents. It costs 970 yuan to buy shoes. He has 30 yuan left, 10 yuan for his mother, 10 yuan for his father, and 10 yuan for himself. He still owes 490 yuan to his father and 490 yuan to his mother. The total is 980 yuan. With his 10 yuan, the total is 990 yuan. But where is the 10 yuan? Please explain

Xiao Ming borrows 500 yuan from his parents. It costs 970 yuan to buy shoes. He has 30 yuan left, 10 yuan for his mother, 10 yuan for his father, and 10 yuan for himself. He still owes 490 yuan to his father and 490 yuan to his mother. The total is 980 yuan. With his 10 yuan, the total is 990 yuan. But where is the 10 yuan? Please explain

It's not like that. 490 is borrowed from parents separately, which is equivalent to debt; 10 is on hand, which is equivalent to cash assets; and 970 is mobile phone, which is also physical assets; that is to say, liabilities is 490 + 490 = 980; assets is 10 + 970 = 980; both are equivalent. If you have to accumulate, then it should be (- 490) + (-)