The Chart of Accounts Includes Assets,liabilities,and Owner's Equity Accounts Only

question 39

True/False

The chart of accounts includes assets,liabilities,and owner's equity accounts only.

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Definitions:

Load Test

A test for determining the condition of charge for a battery.

Lead-Acid Battery

A type of rechargeable battery that uses lead dioxide and sponge lead, with an electrolyte of sulfuric acid, commonly used in vehicles and backup power systems.

Terminal Voltage

The voltage measured across the terminals of a device, which can be affected by the device's internal resistance and the current flowing through it.

Nicad Battery

A rechargeable battery variety utilizing nickel oxide hydroxide and cadmium metal as its electrode materials.