Prepare the Accounting Equation on the basis of the following Started business with case ₹ 1,40,000 and Stock ₹ 2,50,000

Prepare the Accounting Equation on the basis of the following:

(a) Started business with case ₹ 1,40,000 and Stock ₹ 2,50,000.

(b) Sold goods (costing ₹ 50,000) at a profit of 25% on cost.

(c) Deposited into bank account ₹ 1,80,000.

(d) Purchased goods from Mohan ₹ 80,000.

[Ans. Assets : Cash ₹ 22,500 + Stock ₹ 2,80,000 + Bank ₹ 1,80,000 = Creditors ₹ 80,000 + Capital ₹ 4,02,500.]