Buyers Ltd. purchased a truck on 1st January, 2017 on the instalment payment system, from Vendors Ltd. The cash down price was ₹3,00,000. The terms of the purchase were as under :

(i) ₹1,20,000 is payable as deposit.

(ii) The balance being payable by 12 quarterly instalments of ₹19,200 each following due from 1st April, 2017. The financial year of Buyers Ltd. ends on 30th June. On 30th September, 2018, the truck was sold for ₹2,00,000 and the balance instalment was settled for ₹1,02,000.

Buyers Ltd. spreads the interest equally over the instalment period. Depreciation at 20% p.a. on cost was provided up-to the date of sale. Show Truck Account; Vendors Ltd. Accounts and Interest Suspense Account in the books of Buyers Ltd.