The receipt whose name appears on a cheque is called a?

Assessment: JAMB UTME - Principles of Accounts - 2004 Subject: Financial Accounting

Question 1 Report

The receipt whose name appears on a cheque is called a?
Answer Details
The receipt whose name appears on a cheque is called the "payee". This is the person or entity who is authorized to receive payment from the issuer of the cheque. When a cheque is written, the name of the payee is typically written on the "pay to the order of" line. Once the payee receives the cheque, they can then deposit or cash it to receive the payment specified on the cheque.
Read lesson note on The Accounting Equation And Double Entry Principle (WAEC)
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