The Party Ordered to Pay on a Draft Is the ________

question 38

Multiple Choice

The party ordered to pay on a draft is the ________.

• A)drawer
• B)drawee
• C)payee
• D)assignor
• E)assignee

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Definitions:

Quarterly

Occurring every three months or four times a year.

Expense Recognition

An accounting principle that dictates the conditions under which an expense is recognized and recorded in financial statements.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.