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What is Acceptance allowed and Acceptance Claimed?

Dear Student, Acceptance allowed:- When the person to whom the proposal is made agrees with the proposal, then the proposal is said to be accepted. Acceptance Claimed:- An acceptance claim is a formal request asking for a payment based on the terms of the acceptance policy. Regards!

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Vivek emerged a business on 1st April 2010 with cash topi 625000 he bought a personal computer from his home to business worth rupees 16000 besides this the following transaction where entered into him by him during the year goods purchased from Vikram 28000 open a new account in SBI 80000 rent paid for 15 months 90000 sold goods to Harilal costing 6000 for 6700 dash ? dash show and accounting equation on the basis of award transaction also prepare balance sheet of Vivek as well as 31st March 2011
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