accounting vocab

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Across
  1. 4. buying now with the promise to pay later
  2. 7. promises of payment you still owe
  3. 9. the owners share of what remains
  4. 11. a purchase made without immediate cash
  5. 14. putting in resources now for more later
  6. 16. money customers still owe you
Down
  1. 1. the money a business earns
  2. 2. an event that changes financial records
  3. 3. taking money out for personal use
  4. 5. the one who expects repayment
  5. 6. the costs that reduce earnings
  6. 8. a record that tracks increases and decreases
  7. 10. something you can own, like land or buildings
  8. 12. things of value that belong to you
  9. 13. a right to receive money
  10. 15. the leftover value after debts are paid
  11. 16. the rule that balances assets, liabilities, and equity