I was solving a question related to posting of Journal entry for given question. Out of curiosity, I tried to solve it using basic accounting equation i.e. Assets = Liability+ Capital. After completing it I found that Goods balance is in negative. I am sure that I have not made any mistake in it (file attached). Have i done something wrong during the process? If not what does the negative sign signify?
Solution:
Attached File : 3390089 20210516202052 account practice sheet.xlsx downloaded: 72 times
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