A cash order is an order accompanied by the required payment at the time of the order. It differs from other types of orders where payment may be made at a later date. This ensures the vendor receives payment immediately upon the placement of the order.
A status indicating whether and how an order was paid. Status types include cash order, paid credit order, credit card order, claims-paid complaint, unpaid credit order, and complimentary subscription.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.