CA CPT Model Test Paper 4 with solutions for online practice

Abhi draws a bill on Ravi for Rs. 1,00,000 for 3 months. At maturity, the bill returned dishonoured, noting charges Rs. 1,000. Ravi was declared insolvent and only 30 paise in a rupee was recovered from his estate. The amount of deficiency to be recorded on insolvency in the books of Ravi will be