A Chart of Accounts Does NOT Include

question 31

Multiple Choice

A chart of accounts does NOT include

• A) assets.
• B) liabilities.
• C) owner's equity.
• D) names of suppliers.

---

Definitions:

Inductance

The property of an electrical conductor by which a change in current flowing through it induces an electromotive force in both the conductor itself and in any nearby conductors by mutual inductance.

Wire Resistance

The electrical resistance of a wire, determined by its material, length, and cross-sectional area, affecting the flow of electric current through it.

Fleming's Left-hand Generator Rule

A rule used to predict the direction of movement in a motor, the direction of induced current, or the force on a conductor in a magnetic field, based on the thumb, forefinger, and middle finger of the left hand.

Time Constant

The time required for a system to charge or discharge to approximately 63.2% of its maximum value, characteristic of both RC and RL circuits.