The Term Residual Votes Refers to

question 64

Multiple Choice

The term residual votes refers to

• A)the number of votes that cannot be counted because the ballots contain voting errors.
• B)the number of absentee ballots that are mailed in after the postmark deadline.
• C)any "lost" or uncounted votes.
• D)the number of ballots that cannot be counted because the voter was not properly registered.

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Definitions:

Real Account

Permanent accounts in accounting that are not closed at the end of the accounting period, including assets, liabilities, and equity accounts.

Nominal Account

Refers to accounts that track revenues, expenses, gains, and losses; these accounts are closed at the end of each accounting period.

Ledger Accounts

These are individual accounts in accounting that record transactions related to a company's assets, liabilities, equity, revenue, and expenses in a double-entry bookkeeping system.

Net Income

Represents the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.