"editing" is the gerund form which is used as a noun to express the activity. "edition" does not have this meaning but is the final result of editing - a copy of a newspaper or magazine, or a version of a book. Your sentence would sound better like this: "I hope you will be able to accept my paper for editing." "I hope you can" is also OK. I presume you are writing to an editor.

Thanks Marcus, May I know why "edition" is wrong?

I believe editing is the correct word to use in that sentence