The Drawee Is The

question 75

Multiple Choice

The drawee is the:

• A) person who writes the check.
• B) bank that the drawer has an account with.
• C) the person to whom the check is payable.
• D) person named as the co-signer.

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Definitions:

Operating Profit

Revenue obtained through a company's principal business activities, before subtracting interest and taxes.

Invoice

A paper provided by the seller to the purchaser, listing the items, amounts, and confirmed pricing for goods or services rendered by the seller.

Payment Date

The specific date on which a payment is due or processed.

Cost

The amount of money required to purchase something or to produce a good or service.