2. From the following particulars prepare necessary accounts in the books of hire purchaser, Mr. Anant:- Vendor - Sai Furnitures, Nagpur Cash price of Furniture Rate of Interest Down payment on 1.4.2012 Annunal instalments:- At the end of 1st year *4,000 20,580 5% p.a. 8,000 At the end of 2nd year * 3,000 At the end of3rd year * 7,000 The furniture is to depreciation of 10% on W.D.V.