Footings
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 Definitions
Articles Of Interest
-
Reading The Balance Sheet
Learn about the components of the statement of financial position and how they relate to each other. -
Evaluating A Company's Capital Structure
Learn to use the composition of debt and equity to evaluate balance sheet strength. -
Breaking Down The Balance Sheet
Knowing what the company's financial statements mean will help you to analyze your investments. -
How To Evaluate A Company's Balance Sheet
Asset performance shows how what a company owes and owns affects its investment quality. -
12 Things You Need To Know About Financial Statements
Discover how to keep score of companies to increase your chances of choosing a winner. -
Off-Balance-Sheet Entities: An Introduction
The theory and practice of these entities varies greatly. Investors need to learn what they're getting into. -
The Importance Of Corporate Transparency
Clear and honest financial statements not only reflect value, they also help ensure it. -
What Is A Cash Flow Statement?
Learn how the CFS relates to the balance sheet and income statement as a part of a company's financial reports. -
Accounting For Differences In Oil And Gas Accounting
How a company accounts for its expenses affects how its net income and cash flow numbers are reported. -
Footnotes: Early Warning Signs For Investors
These documents hold very important information, but reading them takes skill.
Free Annual Reports