Who Is the Drawee of a Check

question 79

Multiple Choice

Who is the drawee of a check?

• A) the drawer of the check
• 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:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Gross Profit Percentage

A financial ratio that expresses the gross profit as a percentage of sales revenue, indicating the efficiency of production and cost management.

Cost of Goods Sold

Costs directly related to the creation of a company's sold products, involving expenses for materials and workforce.

Net Income

The total earnings of a company after subtracting all expenses from revenues, which includes costs, interest, taxes, and other expenditures.