Footings

A footing is the 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. The debits are tallied, then the credits and the two are netted to compute the footing. Footings are commonly used in bookkeeping to determine final balances to be put on the financial statements.

A footing is an on a financial statement and is calculated by tallying the debits and credits from their respective columns and netting them. A footing is the sum of a column of figures. For example:

Debits Credits
100 200
250 50
75 40
(135)