FOOT A COLUMN Definition

Bookmark and Share

FOOT A COLUMN is to add a column of numbers.  To test footing is to add the column again to check accuracy.

Learn new Accounting Terms

ZERO BASED BUDGET is where the expenses or costs of the prior year are not taken into consideration when establishing expense or budgetary levels looking forward. Each expense category starts from zero. All expenses or cost levels within the budget must be justified or re-justified as being necessary; thus "zero-base".

3-WAY MATCHING is the comparison of relevant voucher, purchase order, and receiver.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.