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nadezda [96]
3 years ago
7

What are footings in accounting?​

Mathematics
1 answer:
asambeis [7]3 years ago
6 0

Answer:A footing is the final balance when adding all of the debits and all of the credits in accounting. The debits are tallied, followed by the credits, and the two are netted to compute the account balance. Footings are commonly used in accounting to determine final balances to be put on the financial statements.

Step-by-step explanation:The debits are tallied, followed by the credits, and the two are netted to compute the account balance. Footings are commonly used in accounting to determine final balances to be put on the financial statements.

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