Examlex
In a three-phase, four-wire system, the voltage between the neutral and any one of the three line leads on the secondary side is 240 volts.
Liabilities
Financial obligations or debts of a business that are due to be paid to creditors in the future.
Accounting Equation
The foundational principle in accounting that states assets equal liabilities plus shareholders' equity.
Profitable
Refers to a financial state where income exceeds expenses, resulting in a positive gain.
Accounting Equation
The foundation of double-entry bookkeeping, which asserts that assets equal the sum of liabilities and shareholders' equity.
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