A Draft Involves Only Two Parties: a Drawer and a Payee

question 57

True/False

A draft involves only two parties: a drawer and a payee.

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Definitions:

Cash Budget

A cash budget is a financial plan that estimates cash inflows and outflows over a specific period of time.

Housekeeping Budget

A financial plan allocating funds to maintain cleanliness, equipment, and supplies for housekeeping operations within an organization.

Occupied Rooms

In the context of hotel management, the number of rooms that are currently being used by guests.

Hourly Shift

Hourly Shift refers to the scheduled period of work or duty for an employee or a group of employees based on an hourly rate, often used in industries with variable workloads.