In a parallel circuit, the relationship between current and voltage varies depending on the components in each branch. While voltage remains the same across all branches, the current can differ significantly, especially when resistors, inductors, and capacitors are involved. In series circuits, current can be considered in phase with voltage only if the load is purely resistive. However, in parallel circuits, the phase relationship is not uniform due to the differing characteristics of the components. Understanding these distinctions is crucial for analyzing AC circuits effectively.