Maharashtra State BoardHSC Commerce 12th Board Exam
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What is 'Qualified Acceptance' ? - Book Keeping and Accountancy

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What is 'qualified acceptance' ?

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Solution

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

Concept: Accounting Treatment - Endorsement of the Bill, Honour/ Dishonour and Also Insolvency of Acceptor
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