What is the term for the small pencil figures written under the last entry in a column of an account?

Prepare for the Conference National Board – Arts Exam with flashcards and multiple choice questions. Each question includes reliable explanations. Gear up to ace your exam!

The term for the small pencil figures written under the last entry in a column of an account is typically referred to as "footing" or "pencil footing." This practice involves calculating the total of the entries in that column and recording it at the bottom, often done in pencil so that it can be easily amended if necessary. This method provides a quick visual check of the sums entered, ensuring accuracy in accounting.

In contrast, the other terms mentioned have different meanings within the context of accounting. The "end balance" and "account balance" can refer to the final amount in an account after all transactions have been accounted for, while "column total" may denote the sum of the figures within that column but does not specifically refer to the written figures or the notation method. The distinction lies in the functional use of the wording, wherein "footing" highlights the notation process used in managing account entries.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy