The payee of a cheque is the

Assessment: WAEC SSCE - Financial Accounting - 1996 (Objective) Subject: Financial Accounting

Question 1 Report

The payee of a cheque is the
Answer Details
The payee of a cheque is the person named to receive the amount on the cheque. In simpler terms, the payee is the person who is supposed to get the money that is written on the cheque. For example, if someone writes a cheque for $100 and names John as the payee, then John is the person who should receive the $100 when the cheque is cashed.
Read lesson note on Nature And Significance Of Accounting (JAMB)
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