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Locke says, "This makes him willing to quit this condition which, however free, is full of fears and continual dangers; and it is not without reason that he seeks out and is willing to join in society with others who are already united, or have a mind to unite for the mutual preservation of their lives, liberties and estates, which I call by the general name property." Do you agree with Locke? Explain your answer.
Gross Sales
Gross Sales are the total sales income of a business before any deductions are made for returns, allowances, or discounts.
Sales Discounts
A decrease in the cost of products or services provided to consumers, usually to encourage prompt payment or large-scale buying.
Account Category
A classification or grouping used in accounting to organize financial transactions, such as assets, liabilities, revenue, and expenses.
Normal Balance
The side (debit or credit) of an account that is usually increased, reflecting its normal financial balance.
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