Bills of exchange

Example: Rahul sold goods to Sameer for Rs. 20000 and drawn bill which is accepted by Sameer. In this example, Rahul is drawer and Sameer is drawee.

Arshiyan Khatik

CA Inter

★ 12K+

11-Dec-21 13:30

Okay I understood this what in case of payee and payer can you please explain this

Thread Starter

Anitha V K

CA Inter

★ 4K+

11-Dec-21 13:41

Here rahul is payee and Sameer is payer Person who receive money is payee and person who pay is known as payer.

KESHAV TOSHNIWAL

CA Inter

★ 1K+

11-Dec-21 14:28

Okay sir I understood thanks a lot for both of you

Thread Starter

Anitha V K

CA Inter

★ 4K+

11-Dec-21 15:05

Your most welcome ð???

Arshiyan Khatik

CA Inter

★ 12K+

11-Dec-21 17:02