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difference between drawee and payee plz …

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difference between drawee and payee plz give me ans fast bcoz tomorrow is my accounts exam

    • Posted by Khushi Jain 7 years ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Paavak Bansal 7 years ago

    The person who accepts the bill of exchange is the drawee The person who is going to receive the amount from drawee is payee. Note-The payee can be drawer(who has written the bill)himself ,bank,or the person with whome the bill was endorsed

    0Thank You

    Suryansh Singh 7 years ago

    Drawee is the purchaser and payee is to whom the cheque pay or endorsed

    2Thank You

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