Analysis of transactions:
Mohit has the following transactions, prepare accounting equation:
1.business started with cash for ₹175000
2.purchased goods from rohit for ₹50,000
3.sales goods on credit to Manish for (costing ₹17500)for ₹20000
4.purchased furniture for office use for ₹10000
5.cash paid to rohit in full settlement for ₹48,500
6.cash recieved from Manish for ₹20000
7.rent paid for ₹1000
8.cash withdrew for personal use for ₹3000