Trial Balance and Rectification of Errors — Account STD 11 Commerce — Question

Classify the under-mentioned errors into:

1. Error of Omission
2. Error of Commission
3. Compensating Error
4. Error of Principle

1. Purchased goods from Bhardwaj on credit for ₹ 600, but were recorded in the purchase book as ₹ 6,000.
2. Amount paid for the proprietor’s life insurance premium was debited to 'General Expenses Account'.
3. Goods amounting to ₹ 2,000 have been returned to Chakravarti, but no entry has been made in the books.
4. An excess debit of ₹ 4,500 has been made in the account of X, whereas Y's account has been credited by ₹ 5,000 instead of ₹ 500.
5. Goods sold to Suresh for ₹ 650 were recorded as ₹ 560 in the Sales Book.
6. Typewriter purchased for office use has been debited to Purchases Account.
7. Wages paid for the construction of Building ₹ 15,000 were recorded in "Wages Account'.
8. Goods for ₹ 500 have been taken by the proprietor for his personal use, for which no entry has been passed in the books.