Series circuit:
1. Same amount of current flows through all the components.
2. Voltage is different across different components.
3. Components are arranged in a line.
4. If one component breaks down, the whole circuit will bum out.
Parallel circuit:
1. The current flowing through each component combines to form the current flow.
2. Sum of the voltage through each component will be the voltage drawn from the source.
3. Components are arranged parallel to each other.
4. Other components will function even if one component breaks down.