Accounting · Bills of Exchange
Which of the following statements is correct in relation to a bill of exchange?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Endorser is the person in whose favour the bill is endorsed by the drawer.
- 2Payee is the person to whom the amount of the bill is payable.✓
- 3Drawer is the buyer or debtor.
- 4Drawee is the seller or creditor.
Correct answer
Payee is the person to whom the amount of the bill is payable.
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