Accountancy, asked by nirakhi30071, 1 year ago

what is the meaning of ''y''owes x'' who is the drawer and the drawee

Answers

Answered by jagannaik54

Dear Student, it means that Y has borrowed money from X. Therefore, Xdraws bill on Y which made himDrawer of the Bill. On the other hand, Y accepted the Bill that means he is theDrawee

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