Do parentheses mean negative in accounting?

While they are an asset because they hold value, they are not recorded as an asset but are recorded as an expense. It’s important to keep office supplies separate from inventory expenses. The basic way to format negative numbers is to use the Accounting number format. In accounting, you might...

Accounting for a sole proprietorship

The property, plant & equipment note includes six default categories of assets. Each of these categories is included in a separate row and linked to a separate class code in column A. The line items also have separate accounts in the trial balance which are linked to these reporting classes...