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What does Payee, Drawee and Drawer mean?

DewanDewan Registered Posts: 13
in Bookkeeping Transactions
What does Payee, Drawee and Drawer mean?

Comments

  • fedemennifedemenni MAAT, AATQB Posts: 94
    Payee = a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable. => person receiving the payment

    Drawee= the person or organization, typically a bank, who must pay a draft or bill.

    Drawer = a person who writes a cheque.
    MarieNoelleDewan
  • DewanDewan Registered Posts: 13
    Thank You fedemenni
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