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Class : 11
Unit : Account

Write the parties of cheque.

Ans : The parties connected with the cheque are as follows: a. Drawer:-Drawer is the person who gives the order (write out the cheque.) b. Drawee:-Drawee is the financial institution upon whom the cheque is drawn. c. Payee:-The person or organization named to receive payment as per the cheque is known as the payee.
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