State the name of the accounting principle, concept or convention with which the following statements or situations are associated:1. Anil purchased a shop from Bimal for 10 lakhs. Anil feels that he has got a very good bargain and he would have paid even ₹ 20 lakhs for this shop as he felt that this shop is at prime location. On the other hand, Bimal feels that this shop was very unlucky for him and he would have sold it even for ₹ 5 lakhs.Because of these perceptions, though actual transaction has taken place at ₹ 10 lakhs, Anil wants to record this transaction in his books at ₹ 20 lakhs and Bimal wants to record this transaction in his books at ₹ 5 lakhs but their accountants have told them that the transaction should be recorded at ₹ 10 lakhs only based on some accounting principle, concept or convention which they do not remember.2. It should be remembered that every transaction recorded in the accounts affects at least two items and accounting system is designed so as to record dual effects of a transaction. Hence, Accounting is called as ‘double-entry system’ or ‘double-entry bookkeeping system’.