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In which circumstances draweee & payee are the same person
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In which circumstances draweee & payee are the same person Related: C...
Normally drawer and payee is the same person. For instance, when the bill is drawn as 'pay to me or my order', drawer and drawee may be the same person. Similarly, when a principal draws a bill on his agent or upon himself, drawee and payee may be the same person. But practically this situation is very rare.
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In which circumstances draweee & payee are the same person Related: Chapter Notes - Accounting for Bills of Exchange - Accountancy, Class 11
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