With a rental truck that has a 57-gallon gas tank and gets 9 mpg, you could expect to fill up the loaded U-Haul at least three times along the way (9 mpg x 57 gallon tank = 513 miles per tank and 1547 miles / 513 miles per tank = 3.01 tanks).
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee.
The balance in the customer accounts is periodically reconciled with the accounts payable (AP) balance in the general ledger to ensure accuracy. The AP subsidiary ledger is also commonly referred to as the AP subledger or subaccount. Next Up.