Agricultural Products

Avoirdupois
Avoirdupois is a measure of weight customarily used for agricultural products and nonprecious metals. An avoirdupois ounce is lighter than a troy ounce; there are 16 ounces in an avoirdupois pound.
Commodity
Commodities are raw materials or primary agricultural products that can be bought and sold, ranging from grains and metals to livestock and other goods.

Accounting Terms Lexicon

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