DEFINITION of 'Footings'
A final balance when adding the debits and credits on an accounting balance sheet. Equity capital is also taken into consideration when calculating the final balance. Footings are commonly used in bookkeeping to determine final balances to be put on the financial statements.
INVESTOPEDIA EXPLAINS 'Footings'
A footing is the sum of a column of figures. For example:
A financial statement that summarizes a company's assets, liabilities ...
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The percentage of net earnings not paid out as dividends, but ...
A firm's total assets minus its total liabilities. Equivalently, ...
A bookkeeping worksheet in which the balances of all ledgers ...