Using accounting equation, answer the following independent questions.

(i) New company’s assets are ₹250 lakh and its external liabilities are of ₹100 lakh, determine the amount of owners’ equity.

(ii) Royal Industries has total assets of ₹100 lakh and owners’ equity of ₹70 lakh, compute the amount of external liabilities.

(iii) Small enterprise has following amounts appearing in balance sheet as at 31st December, 2007:

Capital, ₹50 lakh, Reserves and undistributed profits, ₹15 lakh and total external liabilities, ₹35 lakh, determine the amount of total assets.

(iv) At the beginning of the accounting year, Supreme Industries had total assets of ₹1,700 lakh and its total external liabilities of ₹1,000 lakh. During the year total assets increased by ₹300 lakh and total liabilities decreased by ₹160 lakh, compute the amount of owners’ equity at the end of the year.