Received acceptance of X to Y for 2 months.
Here please tell me who make the bill, who accept that bill.?
15 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 06 December 2009
Amount payable by X to Y Received acceptance of X by Y for 2 months ...
read by this link illustration14
HIT ANSH
(PCC STUDENT)
(181 Points)
Replied 06 December 2009
Y GIVES MONEY TO X.....
AND Y DRAWS A BIL ON X AND X ACCEPT IT....
CA Surbhi Jain
(CA)
(89 Points)
Replied 06 December 2009
yes X is the drawee because he is giving acceptance... n Y is drawer
Sunali
(Learner)
(1317 Points)
Replied 06 December 2009
| Originally posted by :surbhi jain | ||
| " | yes X is the drawee because he is giving acceptance... n Y is drawer |
" |
Agree..
AHAMED. B
(3 'C' - Final)
(273 Points)
Replied 06 December 2009
All r correct... Its like this: Y gives money/sells good on credit to X. Instead of collecting d money on due date Y draws a bill and hence he is d 'drawer'. X accepts it. He is d 'drawee'.. X's bank wil make d payment. Hence it wil be d 'payee'. Later, on due date it wil collect from X.
CA Trinath Galla
(student)
(3130 Points)
Replied 07 December 2009
| Originally posted by :Aarti Jain | ||
| " | y is drawer nd x is drawee .x accepted the bill | " |
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 07 December 2009
allllll give the right answer
CA Manish Tarwani
(Officer - Taxation)
(47 Points)
Replied 07 December 2009
I THINK Y HAS RECEIVED THE ACCWPTANCE FROM X
SO Y IS A DRAWER & X IS A DRAWEE
Ansari
(ca final)
(444 Points)
Replied 07 December 2009
| Originally posted by :surbhi jain | ||
| " | yes X is the drawee because he is giving acceptance... n Y is drawer |
" |
Monika
(Article)
(52 Points)
Replied 07 December 2009
as all are saying" X is the drawee , as he is accepting the bill and Y is the Drawer "
Gaurav Chaudhary
(C.A finals n C.S finals )
(34 Points)
Replied 07 December 2009
everybdy is rite..
prsn who accepts d bill is "drawee". so in dis case x is "drawee" n y is "drawer"
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