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Bookkeeping Transactions
What does Payee, Drawee and Drawer mean?
Dewan
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March 2019
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Bookkeeping Transactions
What does Payee, Drawee and Drawer mean?
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fedemenni
MAAT, AATQB
Posts:
95
March 2019
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.
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Dewan
Registered
Posts:
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March 2019
Thank You fedemenni
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