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Earn +20 ptsQ: What is the differences between payee and payer?
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What do you call a person who signs a check?
payer or payee, deponds on which person it signing it.
What is called when someone is receiving a check?
The person receiving the cheque, is the 'payee' - the person sending the cheque is the 'payer'.
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
What is check memo?
The memo line on a check is intended to give more information about the check or the purpose of the check. It serves are a reminder for both the payer and payee.
What is the meaning of LC in accounting?
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee
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