Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 10 · 40 questions

Business tip (Money in, money out): Income = money coming in; expense = money going out. Keep every bill or receipt. Profit = total income − total expenses. If expenses are more, loss = expenses − income. Update the record the same day, before you forget.

1. 1.Joseph’s income was ₹430 and the profit was ₹320. One expense was ₹70 (ribbon). How much was the other expense, for card paper (in ₹)?
2. 2.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) nothing (d) a selfie
3. 3.Saanvi’s record for the day:
   Income: ₹270 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹140 (sugar)
   Expense: ₹150 (transport)
   What is the profit (in ₹)?
4. 4.Kavya’s stall took in ₹180 on Friday, ₹70 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
5. 5.Aarav’s record for the day:
   Income: ₹30 (morning sales)
   Income: ₹250 (evening sales)
   Expense: ₹160 (sugar)
   Expense: ₹80 (transport)
   What is the profit (in ₹)?
6. 6.Diya’s record for the day:
   Income: ₹70 (morning sales)
   Income: ₹230 (evening sales)
   Expense: ₹180 (lemons)
   Expense: ₹50 (stall fee)
   What is the profit (in ₹)?
7. 7.📒 Income or expense: buying paper cups? (a) expense (b) income
8. 8.Nisha’s record for the day:
   Income: ₹110 (morning sales)
   Income: ₹230 (evening sales)
   Expense: ₹180 (transport)
   Expense: ₹140 (lemons)
   What is the profit (in ₹)?
9. 9.True or false: “payment for a cake order” is income (money in). (a) True (b) False
10. 10.Lakshmi’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹340 (stall fee)
    Expense: ₹10 (paper cups)
    How much is the loss (in ₹)?
11. 11.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) just the income (d) income − expenses
12. 12.Ananya’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹200 (ribbon)
    What is the profit (in ₹)?
13. 13.Gurpreet’s income was ₹420 and the profit was ₹290. One expense was ₹60 (card paper). How much was the other expense, for paper cups (in ₹)?
14. 14.Which of these is income (money in)? (a) a card order paid (b) printing posters (c) paying the stall fee (d) buying paper cups
15. 15.Meera’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹130 (paper cups)
    Expense: ₹90 (card paper)
    How much is the loss (in ₹)?
16. 16.True or false: “a card order paid” is income (money in). (a) False (b) True
17. 17.📅 When is the best time to update your records? (a) the same day (b) never (c) once a year (d) whenever you like
18. 18.📒 Income or expense: a card order paid? (a) expense (b) income
19. 19.📒 Income or expense: money from sales? (a) income (b) expense
20. 20.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
21. 21.Diya’s record for the day:
    Income: ₹360 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹190 (sugar)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
22. 22.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) money from sales (d) buying lemons
23. 23.True or false: “a card order paid” is an expense (money out). (a) True (b) False
24. 24.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
25. 25.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
26. 26.True or false: “printing posters” is income (money in). (a) True (b) False
27. 27.Dev’s income was ₹320 and the profit was ₹160. One expense was ₹130 (sugar). How much was the other expense, for stall fee (in ₹)?
28. 28.📒 Income or expense: buying lemons? (a) expense (b) income
29. 29.True or false: “tutoring fees received” is income (money in). (a) True (b) False
30. 30.True or false: “buying lemons” is income (money in). (a) False (b) True
31. 31.True or false: “cash from selling plants” is income (money in). (a) False (b) True
32. 32.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) cash from selling plants (d) buying lemons
33. 33.Kavya’s income was ₹420 and the profit was ₹140. One expense was ₹260 (paper cups). How much was the other expense, for card paper (in ₹)?
34. 34.Which of these is an expense (money out)? (a) payment for a cake order (b) cash from selling plants (c) tutoring fees received (d) printing posters
35. 35.Meera’s stall took in ₹210 on Friday, ₹380 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
36. 36.Meera’s stall took in ₹170 on Friday, ₹210 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
37. 37.Ananya’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹70 (stall fee)
    Expense: ₹240 (posters)
    How much is the loss (in ₹)?
38. 38.Ishaan’s income was ₹250 and the profit was ₹170. One expense was ₹10 (card paper). How much was the other expense, for lemons (in ₹)?
39. 39.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) payment for a cake order (d) buying lemons
40. 40.Vihaan’s stall took in ₹380 on Friday, ₹130 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?

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