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?

Question

Quizplus · Accepted Answer

The drawee in a banking transaction is the entity required to pay the amount specified in a check. In this scenario, Southern Rock Bank, where Cameron and Associates holds its checking account, is the drawee because it is the bank that will pay out the funds when the check is presented for payment.

Jill Scott Is an Accountant with Cameron and Associates, a Law