Question

on 1st April, 2015A sold a machinery on hire-purchase to B, the cash price being ₹1000. the hire - purchase agrees to pay in two instalments of ₹500each yearly. The interest is 5%per annum. Show B's account in A's book​

Answer 1

Please tell me one thing in this question that first installment is given on the date of purchase or 6 mnths later then only i can solve it