The bank on which a cheque is drawn is known as the
...The bank on which a cheque is drawn is known as the
drawer
drawee
cashier
payee
Correct answer is B
Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft. The bank that cashes your check is the drawee, your employer who wrote the check is the drawer, and you are the payee.
Goods are given utility by ...
The circulating capital of a business enterprise is classified into ...
Which of the following is a feature of sole proprietorship? ...
The issue of Certificate of Incorporation to a company means that it has ...
The right to retain possession of goods until the contract price is paid is referred to as ...
On liquidation of a public limited liability company, the residual owners are the? ...
Which of the following is not a feature of co-operative society? ...
Third party insurance covers, damages? ...
A hire purchase transaction becomes a sale when the hirer ...