Drawee means a person who –

Related MCQs

• In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account
• When Bills Receivable is returned dishonoured by the drawee, which of these A/c is debited by the drawee
• Drawee is the person…..
• When a B/R is endorsed by the Drawer what entry is passed by the Drawee—
• When a B/R is discounted, what entry is passed by the Drawee—
• ……………… is an artificial person created by law
• A person who owes money to the firm is called
• The amount payable to a person as consideration for the use of rights vested in him is
• When a person purchasing goods on credit he becomes a………….. in the books of the seller-
• The person to whom bill is endorsed is known as __________.