let me know the meaning of Drawer,Drawee and payee of the
cheque
Answer Posted / surendra araveti
drawer : a drawer is the person who has an account in the bank and draws a cheque for payment
drawee : a drawee a person on whom the cheque is drawn.. he is liable to pay the amount
payee : a payee is the person to whom the amount stated in the cheque is payable ...
Is This Answer Correct ? | 171 Yes | 42 No |
Post New Answer View All Answers
i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.
Purchase book is a ----------journal
what are valuation accounts?
How will be prepare invoice in tally, please tell me step by step
reason for difference in Balance sheet (Asset side & Liabilites side)
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
Assets are held in the Business for the purpose of____________________
MMT and MID payment how post in tally
npa is either person or account
how will you create the posting periods 3 and 5 or 5and 7?
why did rbi hiked repo and reverse ratio and how it will effect the market
What is the Formula For Return on Working Capital
Examples of automatic generated content material of car logbook loans?
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books