HSC Commerce (Marketing and Salesmanship) 12th Board ExamMaharashtra State Board
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The Person, to Whom Or as per His Order Amount of Bill is Payable, is a Payee. - HSC Commerce (Marketing and Salesmanship) 12th Board Exam - Book Keeping and Accountancy

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Question

The person, to whom or as per his order amount of bill is payable, is a payee.

Solution

True
 
Explanation: The person to whom the amount of a bill is payable is known as a payee. The drawer himself or a third party, such as an endorsee, can be the payee of the bill.

 

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APPEARS IN

 2013-2014 (October) (with solutions)
Question 1.4.2 | 1.00 mark
Solution The Person, to Whom Or as per His Order Amount of Bill is Payable, is a Payee. Concept: Parties to the Bill of Exchange.
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