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let me know the meaning of Drawer,Drawee and payee of the
cheque
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Answer / megablotter
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 ? | 525 Yes | 91 No |
Answer / 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 |
Answer / prajith kottassery
Drawer = owner
Drawee = Bank
Payee = bearer
| Is This Answer Correct ? | 107 Yes | 11 No |
Answer / kumar deep
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 ? | 80 Yes | 28 No |
Answer / nisha
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 ? | 87 Yes | 83 No |
Answer / vinay kushaal
Drawer:who writes and grants credit for whom bill of exchange is drawn.
Drawee:whom the bill of exchange is drawn ge is the person who is granted credit
Payee:he is the person named in bills of exchange to whom the amount is paid
PAYEE MAY BE THE DRAWER AND VICE VERSA
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / aditya
drawer =the person who draws bill ..
drawee=the person whom the bill is drawn..
| Is This Answer Correct ? | 13 Yes | 19 No |
Answer / aadi
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 ? | 21 Yes | 28 No |
Answer / r. chauhan
Drawer= vah vaykti jo cheque likha he.
Drawee=vah vaykti jiske liye cheque likha jaata he.
Payee= bank ka vah vyktii jo cheque paas krta he
| Is This Answer Correct ? | 10 Yes | 23 No |
Answer / rahul
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 ? | 15 Yes | 29 No |
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