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Trial Balance and Errors — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTrial Balance and Errors6 Marks
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.
✓

Answer

Error of Omission:
  1. Goods amounting to ₹ 2,000 have been returned to Chakravarti, but no entry has been made in the books.
  1. Goods for ₹ 500 have been taken by the proprietor for his personal use, for which no entry has been passed in the books.
Error of Commission:
  1. Purchased goods from Bhardwaj on credit for ₹ 600, but were recorded in the purchase book as ₹ 6,000.
  1. Goods sold to Suresh for ₹ 650 were recorded as ₹ 560 in the Sales Book.
Compensating Error:
  1. 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.
Error of Principle:
  1. Amount paid for the proprietor’s life insurance premium was debited to 'General Expenses Account'.
  1. Typewriter purchased for office use has been debited to Purchases Account.
  1. Wages paid for the construction of Building ₹ 15,000 were recorded in "Wages Account'.

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