The ____ Agrees to Make the Payment, Such as the Bank

question 59

Multiple Choice

The ____ agrees to make the payment, such as the bank making a payment based on a document presented to it.

• A) drawee
• B) drawer
• C) payee
• D) checker
• E) beneficiary

Comprehend the primary role of accounting in business and society.

Distinguish the characteristics of various forms of business organization.

Understand basic accounting principles and concepts such as the cost principle.

Recognize the main objectives of businesses and the role of accounting in achieving these objectives.