Question

Acceptances received from customers

(a) Debited in Total Debtors a/c

(b) Credited in Total Creditors a/c

(c) Credited in Bills payable a/c

(d) Credited in Total Debtors a/c​

Answer 1

Answer:

(b)- are credited into the total credited account

Explanation:

Importer's Contract is called Acceptance. The importer pays the amount to receive the goods on the agreed date. In international trade, documents are presented as approval by the importer. When a person purchases these documents, he will be the recipient until the next date.

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