Question
Consider the following statements related to thermal
electricity: 1. The electrical current in an electric circuit is due to the flow of electrons. 2. In most conditions, the electrical current is the flow of positive charge. Which of the following statements are correct?Solution
• Statement 1 is correct because electricity is indeed due to the movement of electrons in an electrical circuit. • Statement 2 is incorrect because, in most cases, the flow of electric current is the movement of electrons, not positive charges. In metals, electrons move towards the positive terminal, creating a current. • Therefore, the correct answer is (a) only statement 1 is correct.
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Contingent Liabilities are shown in the:
A "Trial Balance" is prepared to check:
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Prepaid Rent appearing in the Trial Balance is treated as:
The difference between the total debits and total credits of an account is called:
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