The person or entity writing the cheque is known as the payer or _________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. drawer
- The person or entity that writes a check is known as the payor or drawer.
- The person or company that receives the check is known as Payee.
- A Check must include The Payee's name, The Date, The amount in numbers and words and The account holder's signature.