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Find the odd one: Notary public, Drawer, Drawee, Payee. - Book Keeping and Accountancy

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Question

Find the odd one:

Options

  • Notary public

  • Drawer

  • Drawee

  • Payee

MCQ
One Word/Term Answer

Solution

Notary public

Explanation:

Drawer, Drawee, and Payee are all parties involved in a bill of exchange or cheque transaction. The drawer issues the bill, the drawee is the person or entity expected to pay, and the payee is the recipient of the payment. However, a notary public is an official who certifies dishonor of a bill but is not a direct party to the transaction.

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