No, that’s not correct, Steve.
First, keep in mind that a voltage must always be defined relative to some point, i.e., it exists between two points. It is not meaningful to simply think that "the neutral rail is always at zero volts."
In the case of a light bulb the terminal that is connected to AC "hot" is at 120 volts relative to the terminal that is connected to AC "neutral," which in turn is at or very close to zero volts relative to earth ground. In the case of a speaker cable the + wire is at some voltage relative to the - wire, depending on the signal at any given instant, and depending on the design of the amp the voltage on the - wire may or may not be at zero volts relative to the amp’s circuit ground, or relative to AC neutral, AC safety ground, and earth ground. For example, "fully balanced" amps and bridged mono amps both have full amplitude signals on both their + and - output terminals, with the voltages on those terminals differing from each other simply in that they have opposite polarities.
The current that is provided to a speaker by an amp, as well as the current that is provided to a light bulb by the incoming AC, both result from a voltage **difference** that is applied between the two conductors. The fact that one conductor may be at zero volts relative to some reference has no relevance to that.
Also, ieales comment above that relates to this ...
Best regards,
-- Al
First, keep in mind that a voltage must always be defined relative to some point, i.e., it exists between two points. It is not meaningful to simply think that "the neutral rail is always at zero volts."
In the case of a light bulb the terminal that is connected to AC "hot" is at 120 volts relative to the terminal that is connected to AC "neutral," which in turn is at or very close to zero volts relative to earth ground. In the case of a speaker cable the + wire is at some voltage relative to the - wire, depending on the signal at any given instant, and depending on the design of the amp the voltage on the - wire may or may not be at zero volts relative to the amp’s circuit ground, or relative to AC neutral, AC safety ground, and earth ground. For example, "fully balanced" amps and bridged mono amps both have full amplitude signals on both their + and - output terminals, with the voltages on those terminals differing from each other simply in that they have opposite polarities.
The current that is provided to a speaker by an amp, as well as the current that is provided to a light bulb by the incoming AC, both result from a voltage **difference** that is applied between the two conductors. The fact that one conductor may be at zero volts relative to some reference has no relevance to that.
Also, ieales comment above that relates to this ...
If the current were different in each leg of the cable, energy would either be gained or lost.... is absolutely correct.
Apply a steady 1kHz 1V signal to a speaker. Regardless of where an ammeter is inserted in the circuit, the RMS current is the same.
Best regards,
-- Al