Accountancy, asked by cheliyancheliyan4, 9 months ago

state any two parties involved in bill of exchange​

Answers

Answered by jatinparmar8675
2

Answer:

There are 3 parties involved in a payment by bill of exchange:

the drawer is the party that issues a bill of exchange – the 'creditor';

the beneficiary or payee is the party to which the bill of exchange is payable;

the drawee is the party to which the order to pay is sent - 'the debtor'.

Answered by vishalsingh06863
2

the drawer is the party that issues a bill of exchange – the 'creditor';

the drawer is the party that issues a bill of exchange – the 'creditor';the beneficiary or payee is the party to which the bill of exchange is payable;

the drawer is the party that issues a bill of exchange – the 'creditor';the beneficiary or payee is the party to which the bill of exchange is payable;the drawee is the party to which the order to pay is sent - 'the debtor'.

Similar questions