Footings

AAA

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:

Debits Credits
100 200
250 50
75 40
(135)

RELATED TERMS
  1. Balance Sheet

    A financial statement that summarizes a company's assets, liabilities ...
  2. Analyst

    A financial professional who has expertise in evaluating investments ...
  3. Income Statement

    A financial statement that measures a company's financial performance ...
  4. Retained Earnings

    The percentage of net earnings not paid out as dividends, but ...
  5. Shareholders' Equity

    A firm's total assets minus its total liabilities. Equivalently, ...
  6. Trial Balance

    A bookkeeping worksheet in which the balances of all ledgers ...
Related Articles
  1. 12 Things You Need To Know About Financial ...
    Investing Basics

    12 Things You Need To Know About Financial ...

  2. Reading The Balance Sheet
    Investing Basics

    Reading The Balance Sheet

  3. Breaking Down The Balance Sheet
    Personal Finance

    Breaking Down The Balance Sheet

  4. Evaluating A Company's Capital Structure
    Bonds & Fixed Income

    Evaluating A Company's Capital Structure

comments powered by Disqus
Hot Definitions
  1. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  2. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  5. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  6. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
Trading Center