TeachMeFinance.com - explain Sold on order
Sold on order -- A term applied to goods for which an order
has been received by the seller and which have not yet been
delivered or which are to be delivered in the future.
For instance, a wholesale dealer may sell on order goods yet
to be received by him ; or a mill manufacturing woolen goods
or cotton goods may sell on order its output for three months
(for three months ahead) in other words, it may sell goods
not yet produced the production of which will take three
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