USA: +1-585-535-1023

UK: +44-208-133-5697

AUS: +61-280-07-5697

Sometimes errors are committed due to incomplete knowledge of accounting. The accountant fails to discriminate between capital and revenue expenditure. For example, payment of wages for construction of building may be wrongly debited to wages account instead of building account or purchases account may be debited in case of purchasing machinery. These mistakes may also be due to faulty treatment of revenue receipts and capital receipts. For example, crediting sales account, instead of furniture account in case of sale of furniture.


These mistakes do not affect trial balance, because both the debit and credit record is complete. As double entry record is complete, trial balance will tally inspire of the error.