Gamma Company has an account at First Bank. Gamma writes a check payable to Delta Company. In this transaction, Delta Company is the:
A)payee.
B)payer.
C)drawer.
D)maker.

Name: Gamma Company has an account at First Bank. Gamma writes a check payable to Delta Company. In this transaction, Delta Company is the: A)payee. B)payer. C)drawer. D)maker.
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Question

Quizplus · Accepted Answer

Delta Company is the payee because they are the recipient of the check and will be paid by First Bank through Gamma Company's account.

Gamma Company Has an Account at First Bank