HSC Arts 12th Board ExamMaharashtra State Board
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Solution for What is 'Qualified Acceptance' ? - HSC Arts 12th Board Exam - Book Keeping and Accountancy

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Question

What is 'qualified acceptance' ?

Solution

If the drawee of a bill of exchange accepts condition of a bill, it is called qualified acceptance.

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.1.3 | 1.00 mark
Solution What is 'Qualified Acceptance' ? Concept: Accounting Treatment - Endorsement of the Bill, Honour/ Dishonour and Also Insolvency of Acceptor.
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