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In March 2021, AC Ltd. purchased a batch of commodities. The vendors invoice showed that the payment to the vendor was 15,000. The transportation cost

In March 2021, AC Ltd. purchased a batch of commodities. The vendors invoice showed that the payment to the vendor was 15,000. The transportation cost for such commodities was 1,000. ACs accountant made an accounting entry for importing such commodities in store of 16,000.

Required: Specify which accounting principle is used by AC accountant in such accounting work?

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