The hire purchase department of New Appliances Ltd. sells television sets and room coolers. This department was started in 2017. The relevant information for the year ended 31st December, 2017 is as follows :-

During the year, 200 television sets and 240 room coolers were sold on hire purchase basis. Four television sets on which only 3instalments could be collected and 8 room coolers on which 5 instalments had been collected were repossessed. These were valued at ₹20,000; after reconditioning at a cost of ₹2,000, they were sold out-right for ₹28,000. Other instalments collected and those due customers still paying were respectively as : Television sets 540 and 40; Room coolers 800 and 60. Prepare accounts on Stocks and the Debtors system to reveal the profit of the department. Show your workings.

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Particulars Cost Cash Price Cash down payment Television 5,400 6,300 900 Room Cooler Particulars 2,000 Monthly Instalment 2,400 Number of instalments 400 Television 600 10 Room Cooler 200 12