Questions: Multiple Choice Question
A small figure written at the base of an amount column showing the sum of the entries in the column is called a:
footing
normal balance
debit
Transcript text: Multiple Choice Question
A small figure written at the base of an amount column showing the sum of the entries in the column is called a:
footing
normal balance
debit
Solution
The answer is the first one: footing.
Explanation for each option:
Footing: This is the correct answer. In accounting, a footing is the total of a column of numbers in a ledger or financial statement. It is typically written at the bottom of the column to show the sum of the entries.
Normal balance: This is incorrect. A normal balance refers to the side of the account (debit or credit) that is expected to increase the account balance. It is not related to the sum of entries in a column.
Deblt: This appears to be a typographical error and is likely intended to be "debit." However, a debit is an entry on the left side of an account and is not related to the sum of entries in a column.
In summary, the term for the sum of the entries in a column, written at the base, is "footing."