Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 135 · 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.Diya’s stall took in ₹80 on Friday, ₹210 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
2. 2.Kavya’s stall took in ₹110 on Friday, ₹140 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
3. 3.Nisha’s stall took in ₹350 on Friday, ₹310 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
4. 4.Kabir’s income was ₹300 and the profit was ₹80. One expense was ₹80 (transport). How much was the other expense, for ribbon (in ₹)?
5. 5.📒 Income or expense: bus fare to the market? (a) income (b) expense
6. 6.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
7. 7.📒 Income or expense: payment for a cake order? (a) income (b) expense
8. 8.📒 Income or expense: cash from selling plants? (a) income (b) expense
9. 9.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
10. 10.Nisha’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹70 (paper cups)
    Expense: ₹80 (ribbon)
    What is the profit (in ₹)?
11. 11.Tara’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹20 (ribbon)
    Expense: ₹220 (sugar)
    How much is the loss (in ₹)?
12. 12.True or false: “bus fare to the market” is income (money in). (a) True (b) False
13. 13.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) nothing (d) the bill or receipt
14. 14.📒 Income or expense: tutoring fees received? (a) income (b) expense
15. 15.Joseph’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹80 (posters)
    Expense: ₹100 (paper cups)
    What is the profit (in ₹)?
16. 16.➖ Profit in your records = (a) income + expenses (b) income − expenses (c) expenses − income (d) just the income
17. 17.True or false: “money from sales” is income (money in). (a) False (b) True
18. 18.Saanvi’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹80 (transport)
    Expense: ₹270 (lemons)
    How much is the loss (in ₹)?
19. 19.Kabir’s stall took in ₹280 on Friday, ₹90 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
20. 20.Dev’s stall took in ₹390 on Friday, ₹120 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
21. 21.Which of these is income (money in)? (a) tutoring fees received (b) paying the stall fee (c) printing posters (d) buying lemons
22. 22.Vihaan’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹110 (sugar)
    What is the profit (in ₹)?
23. 23.Zoya’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹180 (card paper)
    Expense: ₹20 (transport)
    What is the profit (in ₹)?
24. 24.Zoya’s income was ₹390 and the profit was ₹150. One expense was ₹200 (transport). How much was the other expense, for ribbon (in ₹)?
25. 25.True or false: “buying lemons” is income (money in). (a) True (b) False
26. 26.Arjun’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹40 (ribbon)
    Expense: ₹100 (stall fee)
    How much is the loss (in ₹)?
27. 27.📒 Income or expense: printing posters? (a) income (b) expense
28. 28.Joseph’s stall took in ₹70 on Friday, ₹300 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
29. 29.True or false: “a card order paid” is an expense (money out). (a) True (b) False
30. 30.True or false: “printing posters” is income (money in). (a) True (b) False
31. 31.Saanvi’s stall took in ₹70 on Friday, ₹50 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
32. 32.Saanvi’s stall took in ₹250 on Friday, ₹90 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
33. 33.Aarav’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹80 (posters)
    Expense: ₹50 (sugar)
    What is the profit (in ₹)?
34. 34.True or false: “payment for a cake order” is income (money in). (a) False (b) True
35. 35.Zoya’s stall took in ₹120 on Friday, ₹90 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
36. 36.📅 When is the best time to update your records? (a) the same day (b) once a year (c) whenever you like (d) never
37. 37.Dev’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹350 (evening sales)
    Expense: ₹190 (ribbon)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
38. 38.Diya’s income was ₹500 and the profit was ₹280. One expense was ₹70 (posters). How much was the other expense, for card paper (in ₹)?
39. 39.Aarav’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹130 (ribbon)
    Expense: ₹50 (stall fee)
    How much is the loss (in ₹)?
40. 40.Tara’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹180 (sugar)
    Expense: ₹140 (posters)
    How much is the loss (in ₹)?

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