Prepare Accounting Equation on the basis of the following transactions. Started business with cash ₹ 70,000

Prepare Accounting Equation on the basis of the following transactions: (a) Started business with cash ₹ 70,000. (b) Credit purchase of goods ₹ 18,000. (c) Payment made to creditors in full settlement ₹ 17,500. (d) Purchase of machinery for cash ₹ 20,000. [Ans. Assets : Cash ₹ 32,500 + Stock ₹ 18,000 + Machinery ₹ 20,000 = Capital ₹ 70,500.]