On 1st Jan. 2009, Rahul purchased Motor Car from Safe Car Dealers on hire-purchase system. The cash price of the car of which was payable as ? 12,000 down and the balance in 3 equal annual installments together with interest @ 10% p.a. The amount of the last installment including interest was ? 17,600. Depreciation was to be provided at 20% p.a. on reducing balance method. At the end of third year, the motor car was sold for ^ 30,000. a) Motor Car Account b) Vendor's Account in the books of the buyer for 3 years. On 1st Jan. 2009, Rahul purchased Motor Car from Safe Car Dealers on hire-purchase system. The cash price of the car of which was payable as ? 12,000 down and the balance in 3 equal annual installments together with interest @ 10% p.a. The amount of the last installment including interest was ? 17,600. Depreciation was to be provided at 20% p.a. on reducing balance method. At the end of third year, the motor car was sold for ^ 30,000. a) Motor Car Account b) Vendor's Account in the books of the buyer for 3 years