CA CPT Model Test Paper 6 with solutions for online practice

On 1.4.2010 Mr. Rahul draws a bill for one month on Mr. Sachin for Rs. 1,00,000. At maturity Mr. Sachin request to accept Rs. 20,000 in cash and noting charges Rs. 1,000 and for the balance Mr. Rahul draws a bill on Sachin for 2 months at 12% p.a. Interest will be