Ajay buys a mobile telephone from Adeep 4500 rupees and wants to issue a cheque for the transcation.who is the drawer?Does Adeep s account reduce by 4500 rupees?justify ur answer
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No, it is just the reverse. when Ajay is the buyer and Adeep is the seller, the account of Adeep will get credited by the amount.
Here Rs. 4,500 will be credited from the account of Ajay to that of Adeep.
Adeep will be the drawer as he will be taking the money from Ajay.
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