12. Classify the under-mentioned errors into:- (a) Error of Omission, (b) Error of Commission, (c) Compensating Error, and (d) Error of Principle:- (I) Purchased goods from Bhardwaj on credit for Rs600, but were recorded in the Purchase Book as Rs6,000. (II) Amount paid for the proprietor’s life insurance premium was debited to ‘General Expenses Account’. (III) Good amounting to Rs2,000 have been returned to Chakravarti, but no entry has been made In the books.(IV) An excess debit of Rs4,500 has been made in the account of X, whereas Y’s account has Been credited by Rs5,000 instead of Rs500. (V) Goods sold to suresh for Rs650 were recorded as Rs560 in the sales book. (VI) Typewriter purchased for office use has been debited to purchases Account. (VII) Wages paid for the construction of building Rs15,000 were recorded in ‘Wages Account’. (VIII) Goods forRs500 have been taken by the proprietor for his personal use, for which no entry Has been passed in the books. *