Accepted one pound for flipping pancakes (5)
I believe the answer is:
blini
'pancakes' is the definition.
(I've seen this before)
'accepted one pound for flipping' is the wordplay.
'accepted' becomes 'in' (I've seen this in other clues).
'one' becomes 'i' (Roman numeral).
'pound for' becomes 'lb' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'flipping' says the letters should be written backwards.
'in'+'i'+'lb'='inilb'
'inilb' reversed gives 'BLINI'.
Can you help me to learn more?
(Other definitions for blini that I've seen before include "East European pancakes" , "Pancakes served with sour cream" , "Russian food" , "Small buckwheat pancake" , "Russian pancakes" .)