Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 112 · 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.Nisha’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹70 (sugar)
   Expense: ₹150 (transport)
   What is the profit (in ₹)?
2. 2.Meera’s stall took in ₹370 on Friday, ₹250 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
3. 3.Farhan’s income was ₹380 and the profit was ₹200. One expense was ₹110 (ribbon). How much was the other expense, for lemons (in ₹)?
4. 4.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
5. 5.Saanvi’s stall took in ₹270 on Friday, ₹340 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
6. 6.Zoya’s income was ₹450 and the profit was ₹90. One expense was ₹160 (stall fee). How much was the other expense, for sugar (in ₹)?
7. 7.📒 Income or expense: cash from selling plants? (a) expense (b) income
8. 8.Meera’s stall took in ₹170 on Friday, ₹330 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
9. 9.Ishaan’s income was ₹300 and the profit was ₹120. One expense was ₹150 (stall fee). How much was the other expense, for lemons (in ₹)?
10. 10.Which of these is an expense (money out)? (a) a card order paid (b) cash from selling plants (c) tutoring fees received (d) printing posters
11. 11.Saanvi’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹50 (sugar)
    Expense: ₹70 (stall fee)
    How much is the loss (in ₹)?
12. 12.Aarav’s record for a rainy day:
    Income: ₹210 (sales)
    Expense: ₹240 (lemons)
    Expense: ₹50 (paper cups)
    How much is the loss (in ₹)?
13. 13.📒 Income or expense: money from sales? (a) income (b) expense
14. 14.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
15. 15.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
16. 16.➖ Profit in your records = (a) income − expenses (b) just the income (c) income + expenses (d) expenses − income
17. 17.Which of these is income (money in)? (a) printing posters (b) tutoring fees received (c) bus fare to the market (d) buying lemons
18. 18.Gurpreet’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹140 (posters)
    Expense: ₹70 (paper cups)
    What is the profit (in ₹)?
19. 19.Arjun’s stall took in ₹290 on Friday, ₹290 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
20. 20.Dev’s stall took in ₹350 on Friday, ₹80 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
21. 21.📒 Income or expense: payment for a cake order? (a) income (b) expense
22. 22.Diya’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹50 (stall fee)
    Expense: ₹160 (ribbon)
    What is the profit (in ₹)?
23. 23.📒 Income or expense: buying paper cups? (a) expense (b) income
24. 24.Diya’s stall took in ₹150 on Friday, ₹200 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
25. 25.True or false: “cash from selling plants” is income (money in). (a) False (b) True
26. 26.Aarav’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹490 (evening sales)
    Expense: ₹180 (transport)
    Expense: ₹130 (posters)
    What is the profit (in ₹)?
27. 27.Tara’s income was ₹430 and the profit was ₹90. One expense was ₹190 (stall fee). How much was the other expense, for transport (in ₹)?
28. 28.📅 When is the best time to update your records? (a) never (b) whenever you like (c) once a year (d) the same day
29. 29.Aarav’s record for the day:
    Income: ₹420 (morning sales)
    Income: ₹160 (evening sales)
    Expense: ₹150 (stall fee)
    Expense: ₹180 (card paper)
    What is the profit (in ₹)?
30. 30.Vihaan’s stall took in ₹230 on Friday, ₹100 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
31. 31.Meera’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹20 (card paper)
    Expense: ₹140 (ribbon)
    How much is the loss (in ₹)?
32. 32.Tara’s income was ₹410 and the profit was ₹330. One expense was ₹60 (lemons). How much was the other expense, for paper cups (in ₹)?
33. 33.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) payment for a cake order (d) paying the stall fee
34. 34.📒 Income or expense: bus fare to the market? (a) expense (b) income
35. 35.Which of these is income (money in)? (a) bus fare to the market (b) money from sales (c) buying lemons (d) buying paper cups
36. 36.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
37. 37.True or false: “tutoring fees received” is income (money in). (a) False (b) True
38. 38.Lakshmi’s income was ₹230 and the profit was ₹160. One expense was ₹20 (transport). How much was the other expense, for lemons (in ₹)?
39. 39.Kabir’s income was ₹250 and the profit was ₹220. One expense was ₹20 (ribbon). How much was the other expense, for lemons (in ₹)?
40. 40.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) a selfie (d) the bill or receipt

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