Nested if.... then stmts for several conditions

View attached sample file where I need to adjust colum A formula to satisfy the listed conditions below:

If GL_Account id (col B) starts with 1 and 1 in QRM Contra (column F), then it is an Asset else
if GL_Account id (col B) starts with 1 and (-1) in QRM Contra (column F), then it is a Liability else
If GL_Account id (col B) starts with 2 and 1 in QRM Contra (column F), then it is an Liability else
If GL_Account id (col B) starts with 2 and (-1) in QRM Contra (column F), then it is an Asset else
If GL_Account id (col B) starts with 3 and 1 in QRM Contra (column F), then it is an Liability else
If GL_Account id (col B) starts with 3 and (-1) in QRM Contra (column F), then it is an Asset

Thanks in advance for help

hi ccbank. if you do not have other scenarios where you need a blank or anything other than the above, then try:
=IF(OR(AND(LEFT(B7)="1",F7=1),AND(OR(LEFT(B7)="2",LEFT(B7)="3"),F7=-1)),"Assets","Liabilities")

this formula only checks whether it's an Asset. if it doesnt fulfill, it'll be a liability