In the accounting equation, Assets are equal to which of the following?

The recording of business transactions in the books of account is based on a fundamental equation called the:

At the beginning of the financial year, a business has total assets of ₹8,50,000 and total liabilities of ₹3,20,000. During the year, the owner withdrew ₹70,000 for personal use and earned a net profit of ₹1,50,000. What will be the closing capital as per the Accounting Equation?