Jill scott is an accountant with cameron and associates, a law firm in downtown seattle. the firm maintains a checking account with southern rock bank for its operating expenses. on the 10th of every month, jill gets an inventory report from the office manager listing the office supplies that are needed. jill places the appropriate orders with office depot and writes them a check against the office's checking account. who is the drawee in this banking transaction?

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Business

Damien Melton

24 August, 21:17

Jill scott is an accountant with cameron and associates, a law firm in downtown seattle. the firm maintains a checking account with southern rock bank for its operating expenses. on the 10th of every month, jill gets an inventory report from the office manager listing the office supplies that are needed. jill places the appropriate orders with office depot and writes them a check against the office's checking account. who is the drawee in this banking transaction?

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Cheyenne Mays · Answer 1

The drawee is a lawful and investment term used to define the party that has been focused by the depositor to pay a definite amount of money to the individual presenting the payment. A classic instance is if you are encashing a paycheck. The bank that cashes your check is the drawee, so in this case Southern Rock is the Bank is the drawee and the employer is the drawer.