5. P Ltd. Purchase a machinery on hire purchase from Y Ltd. On 1st January 2020. The following are the particulars of the hire purchase agreement. Cash price of machine Rs.59,685. Rate of interest 10% p.a. Depreciation to be charged @ 20% on the original cost Hire purchase price was to be paid in 3 annual installments of equal value, the first installment becoming due and payable on 31-12-2020. Required: You are required to prepare the necessary accounts in the books of Hire Vendor