Arrange the following steps in the logical sequence required by the Arithmetic Method for calculating the Cash Price of an asset in a hire purchase agreement: A. Calculate the interest included in the final instalment. B. Subtract the calculated interest from the instalment amount to determine its principal component. C. Add the determined principal component to the amount of the immediately preceding instalment. D. Repeat the process of interest calculation and deduction for all remaining instalments in reverse chronological order. E. Add the initial down payment to the total of the calculated principal components to arrive at the total Cash Price. Choose the correct answer from the options given below:

Consider the following statements regarding the legal and expert definitions of the Hire Purchase system: Statement 1: According to Section 2(C) of the Hire Purchase Act of 1972, a hire purchase agreement is defined as a contract where goods are let on hire and the hirer has the option to purchase them after paying the agreed instalments. Statement 2: Batliboi's definition states that in a hire purchase system, ownership of the goods is transferred to the buyer immediately upon delivery, while the periodic instalments are treated as repayments of a capital debt.

Arrange the following accounting actions in the correct logical sequence as recorded in the books of a Vendor during the Complete Repossession of goods: A. Recording the sales proceeds from the resale of repossessed goods. B. Opening the Goods Repossessed Account in the ledger. C. Calculating and transferring the final profit or loss on resale to the Profit and Loss (P&L) account. D. Recording the repair and reconditioning expenses incurred on the recovered goods. Choose the correct answer from the options given below: