If Two Lamps, L1 and L2, Are Connected in Parallel

question 29

Multiple Choice

If two lamps, L1 and L2, are connected in parallel and L1 opens, what would happen?

• A) Both lamps would be on
• B) L1 would be on and L2 would be off.
• C) Both lamps would be off
• D) L1 would be off and L2 would be on.

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Definitions:

Reconciling Items

Entries that adjust discrepancies between two financial records or accounts, ensuring consistency and accuracy.

Adjusting Journal Entries

Adjusting Journal Entries are made in an accounting system to adjust income and expense accounts so that they reflect the correct values for the accounting period.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement.

Cancelled Cheques

Cheques that have been processed by the bank, serving as proof that a payment was made.