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.
Definition of 'accounts payable'. accounts payable in Accounting (ÉkaÊnts peÉªÉbÉl) or AP. noun. ( Accounting : Financial statements , Balance sheet ) A company's accounts payable are all the money that it owes to other companies for goods or services that it has received, or a list of these companies and the amounts owed to them. 1  On the liabilities side, the accounts payable to suppliers, wages payable to employees, and taxes payable are current liabilities.