PLU meaning in Accounts and Finance ?

Price look-up codes, commonly called PLU codes, PLU numbers, PLUs, produce codes, or produce labels, are a system of numbers that uniquely identify bulk produce sold in grocery stores and supermarkets. The codes have been in use since 1990, and over 1400 have been assigned. The codes are administered by the International Federation for Produce Standards (IFPS), a global coalition of fruit and vegetable associations that was formed in 2001 to introduce PLU numbers globally.

Produce labeled with PLU codes eliminates the need for grocery store checkers and customers to visually identify different varieties, which can make check-out and inventory control easier, faster, and more accurate – something that is important when varieties of produce look similar but have different prices, such as organic and conventional (non-organic) varieties.