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Categories >> Accounting >> Accounting AllOther


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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
let me know the meaning of Drawer,Drawee and payee of the 
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
Drawer is the person who pays the money for products or
services he/she has availed.

Payee is the person who has provided the services or
products to the drawer for which he is getting paid.

Drawee is the bank or financial institution through which
the money is paid.
Is This Answer Correct ?    32 Yes 11 No
# 2
Drawer:- who person have a right that receive amt.form
another person and write bill for own debtors. drawer
signature on bill of exchange

Drawee:- who's person acceptor bill of exchange. That
person do payment for bill exchange.

Payee:-which person receive amt. of bill of exchange who
celled payee.
Is This Answer Correct ?    38 Yes 29 No
# 3
the maker of a bill of exchange or a cheque is called the drawer
a person thereby directed to pay is called the drawee.
Is This Answer Correct ?    6 Yes 1 No
Kumar Deep
# 4
Drawer:-It is the party,who draws the bill.Drawer must be the creditor.He may either be a seller of goods or lender of money.

Drawee:-Drawee is the person or the party who has to make the payment or who accepts to make the payment.
Is This Answer Correct ?    2 Yes 2 No
# 5
thier will be three partie always when their is talk of negotiable instrument (cheque , demand draft etc.)
drawer - a person who is drawer of the bill on the demand pof payer
payee - who will have the money in future.
drwaee- who will reciev the negotible instrument (cheque) on the behalf of the payee. for payment.
Is This Answer Correct ?    0 Yes 3 No
# 6
Answer on the difference between the primary and secondary
capital market(sumary)

The capital market is divided into two,the primary market
and the secondary market.
The primary market is the market where a company tjat is
quoted can raise share to finance its business operation.It
is the market for a new share thwt has not be raised.In
other words, it is the market where funds that have not be
raised before can be raised.It is a market for Initial
Public Offer (IPO).
The primary market provides the room for the secondary
The secondary market is the market where shares raised from
the primsry market are sold.In this case ,an agent is
required to sell the shares for you.
Both markets are regulated by different regulatory bodies
including the Central Bank of a nation.
Is This Answer Correct ?    10 Yes 28 No
Aloku,omakpokpose David

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