Explain this line....

 i think Y is the drawer and X is d drawee, pl await other replies

Amount payable by X to Y Received acceptance of X by Y for 2 months ...

read by this link illustration14

https://books.google.com/books?id=Kbwqvv24fg0C&pg=PT607&lpg=PT607&dq=Amount+payable+by+X+to+Y+Received+acceptance+of+X+by+Y+for+2+months+...&source=bl&ots=2Z-oMfMFi_&sig=SkKFX6BUsZkIVjVcChQU3opBR5c&hl=en&ei=XoEbS6u-HoHg7APzpJ3VDw&sa=X&oi=book_result&ct=result&resnum=1&ved=0CAgQ6AEwAA#v=onepage&q=Amount%20payable%20by%20X%20to%20Y%20Received%20acceptance%20of%20X%20by%20Y%20for%202%20months%20...&f=false

Y GIVES MONEY TO X.....

AND Y DRAWS A BIL ON X AND X ACCEPT IT....

yes X is the drawee because he is giving acceptance...  n Y is drawer

Agree..

me agree wid sunali...

y is drawer nd x is drawee .x accepted the bill

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.

allllll give the right answer

I THINK    Y    HAS RECEIVED THE ACCWPTANCE FROM     X

SO  Y   IS A DRAWER & X IS A DRAWEE

as all are saying" X is the drawee , as he is accepting the bill and Y is the Drawer "

everybdy is rite..

prsn who accepts d bill is  "drawee". so in dis case x is "drawee" n y is "drawer"