Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 145 · 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.📒 Income or expense: cash from selling plants? (a) income (b) expense
2. 2.True or false: “paying the stall fee” is income (money in). (a) True (b) False
3. 3.Vihaan’s income was ₹210 and the profit was ₹60. One expense was ₹90 (transport). How much was the other expense, for lemons (in ₹)?
4. 4.Gurpreet’s stall took in ₹330 on Friday, ₹120 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
5. 5.📒 Income or expense: bus fare to the market? (a) income (b) expense
6. 6.Saanvi’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹160 (lemons)
   Expense: ₹10 (transport)
   How much is the loss (in ₹)?
7. 7.Nisha’s income was ₹480 and the profit was ₹150. One expense was ₹80 (transport). How much was the other expense, for posters (in ₹)?
8. 8.Gurpreet’s record for a rainy day:
   Income: ₹290 (sales)
   Expense: ₹110 (lemons)
   Expense: ₹190 (posters)
   How much is the loss (in ₹)?
9. 9.📒 Income or expense: money from sales? (a) income (b) expense
10. 10.Aarav’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹60 (card paper)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
11. 11.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) bus fare to the market (d) cash from selling plants
12. 12.Which of these is income (money in)? (a) payment for a cake order (b) paying the stall fee (c) buying paper cups (d) printing posters
13. 13.📒 Income or expense: paying the stall fee? (a) expense (b) income
14. 14.Dev’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹50 (card paper)
    Expense: ₹10 (paper cups)
    How much is the loss (in ₹)?
15. 15.Dev’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹220 (lemons)
    Expense: ₹30 (ribbon)
    How much is the loss (in ₹)?
16. 16.True or false: “payment for a cake order” is income (money in). (a) True (b) False
17. 17.Aarav’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹160 (paper cups)
    Expense: ₹170 (lemons)
    How much is the loss (in ₹)?
18. 18.True or false: “a card order paid” is income (money in). (a) True (b) False
19. 19.Dev’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹110 (ribbon)
    Expense: ₹10 (lemons)
    How much is the loss (in ₹)?
20. 20.Saanvi’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹50 (transport)
    Expense: ₹270 (ribbon)
    How much is the loss (in ₹)?
21. 21.True or false: “buying paper cups” is income (money in). (a) False (b) True
22. 22.Rohan’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹100 (lemons)
    Expense: ₹170 (stall fee)
    How much is the loss (in ₹)?
23. 23.True or false: “buying lemons” is an expense (money out). (a) False (b) True
24. 24.📒 Income or expense: buying paper cups? (a) expense (b) income
25. 25.Which of these is an expense (money out)? (a) cash from selling plants (b) buying lemons (c) tutoring fees received (d) payment for a cake order
26. 26.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
27. 27.Which of these is income (money in)? (a) bus fare to the market (b) a card order paid (c) buying paper cups (d) paying the stall fee
28. 28.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) tutoring fees received (d) buying paper cups
29. 29.Zoya’s stall took in ₹180 on Friday, ₹140 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
30. 30.True or false: “money from sales” is an expense (money out). (a) True (b) False
31. 31.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) a selfie (c) nothing (d) only the bag
32. 32.Kabir’s stall took in ₹230 on Friday, ₹120 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
33. 33.Lakshmi’s stall took in ₹320 on Friday, ₹370 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
34. 34.Joseph’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹90 (stall fee)
    Expense: ₹250 (posters)
    How much is the loss (in ₹)?
35. 35.➖ Profit in your records = (a) expenses − income (b) just the income (c) income − expenses (d) income + expenses
36. 36.Aarav’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹70 (card paper)
    Expense: ₹140 (lemons)
    What is the profit (in ₹)?
37. 37.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
38. 38.Saanvi’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹80 (lemons)
    Expense: ₹80 (transport)
    How much is the loss (in ₹)?
39. 39.Riya’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹210 (posters)
    Expense: ₹60 (ribbon)
    How much is the loss (in ₹)?
40. 40.Ananya’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹70 (ribbon)
    Expense: ₹330 (posters)
    How much is the loss (in ₹)?

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