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In a selsyn system, the normally stationary rotors of the induction motors are interconnected so that a manual shift in the rotor position of one machine is accompanied by an electrical rotor shift in the other machine in the same direction and of the same angular displacement as the first unit.
Accrued Expense
An expense that has been incurred but not yet paid for.
Adjusting Entry
A journal entry made at the end of an accounting period to account for unrecorded transactions or to adjust incorrect entries.
Insurance
A contractual agreement that provides financial protection or reimbursement against losses to an individual or entity, in exchange for premiums paid.
Depreciation
The method of allocating the cost of a tangible or physical asset over its expected useful life to account for the decrease in its value over time.
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