Who Is the Drawee of a Check

question 73

Multiple Choice

Who is the drawee of a check?

• A)The drawer of the check is also its drawee.
• B)The financial institute where the drawer has an account.
• C)The party to whom a check is written.
• D)The financee to whom the check is drawn.

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Definitions:

Professional Accountants

Individuals who are qualified to perform accounting tasks, such as audits, tax preparation, and financial analysis.

Certified Public Accountants

Professionals who are authorized to provide a range of accounting services, including auditing financial statements, consulting, and tax preparation.

Benchmarking

A systematic approach to identifying the activities with the greatest room for improvement. It is based on comparing the performance in an organization with the performance of other, similar organizations known for their outstanding performance.

Business Process

A series of steps that are followed to carry out some task in a business.