What are the drawee drawer and payee? Plz give easy explanation
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Drawer is the person who pays the money for the products he has aviledDrawee is the bank or financial institution through which money is paidPayee is the person who provides the services or pprodcts???now u get it
Drawer: He is the seller or creditor entitled to receive money from someone.Drawee: He is the purchaser or debtor who is liable to pay the amount mentioned In the bill ( on whom the bill is drawn).