Youth Club purchases a T.V. costing ₹4,500 on instalment payments system on 1st January, 2015, from S. E. C. Company. It is agreed that ₹1,500 will be paid on signing the agreement and the balance in  equal annual instalments together with interest. Interest is charged at 10% per annum. Depreciation is charged at 15% per annum on diminishing balance method. Show T.V. Account and S. E. C. Company Account in the books of Youth Club for 3 years.