The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2015 paying cash ₹10,000, and agreeing to pay three further instalments of ₹10,000 each on December 31 each year. The cash price of the car is ₹37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.