The Law of ________ States That the Oldest Layers Are

question 14

Short Answer

The law of ________ states that the oldest layers are on the bottom of a sequence of sediment layers that have not been overturned.

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Definitions:

Interest Earned

The income received from various forms of investments, such as savings accounts, bonds, or loans.

Credit Side

The right side of an account in double-entry bookkeeping, where increases in liabilities, equity, and revenue are recorded.

Debit Side

The debit side of an account records increases in assets or expenses and decreases in liabilities, equity, and income.

T Account

A visual representation of a general ledger account that helps in understanding the effects of transactions on each account.