3. Mr. Tushar purchased Motor Car from Maruti Company Ltd. on Hire Purchase System on 1st April 2002 paying cost *96,000 immediately as follows: Installment No. 1 z 2 3 1,21,600 1,09,000 99,462 Each on 31st March of every year. The cash price was 3,57,600. The Maruti Ltd. Chargedinterest at 15% p.a. M/s Tushar writes off 10% every year as depreciation on diminishing balance method. Books are closed on 31st March, every year. You are required to prepare :-(a) Motor Car Account (b)Maruti Co. Ltd. account in the books of Mr. Tusha