Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 146 · 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.Aarav’s income was ₹140 and the profit was ₹10. One expense was ₹110 (lemons). How much was the other expense, for sugar (in ₹)?
2. 2.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
3. 3.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) a selfie (d) only the bag
4. 4.Which of these is an expense (money out)? (a) payment for a cake order (b) paying the stall fee (c) cash from selling plants (d) money from sales
5. 5.Joseph’s income was ₹500 and the profit was ₹340. One expense was ₹150 (stall fee). How much was the other expense, for card paper (in ₹)?
6. 6.Meera’s record for a rainy day:
   Income: ₹240 (sales)
   Expense: ₹260 (posters)
   Expense: ₹30 (stall fee)
   How much is the loss (in ₹)?
7. 7.Which of these is an expense (money out)? (a) a card order paid (b) payment for a cake order (c) buying paper cups (d) tutoring fees received
8. 8.Kabir’s stall took in ₹160 on Friday, ₹300 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
9. 9.Aarav’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹160 (stall fee)
   Expense: ₹20 (sugar)
   How much is the loss (in ₹)?
10. 10.Dev’s stall took in ₹70 on Friday, ₹110 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
11. 11.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) printing posters (d) money from sales
12. 12.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
13. 13.Vihaan’s income was ₹310 and the profit was ₹210. One expense was ₹40 (card paper). How much was the other expense, for sugar (in ₹)?
14. 14.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) cash from selling plants (d) buying lemons
15. 15.Gurpreet’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹510 (evening sales)
    Expense: ₹140 (posters)
    Expense: ₹140 (paper cups)
    What is the profit (in ₹)?
16. 16.📒 Income or expense: paying the stall fee? (a) expense (b) income
17. 17.Zoya’s income was ₹270 and the profit was ₹160. One expense was ₹40 (card paper). How much was the other expense, for paper cups (in ₹)?
18. 18.Gurpreet’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹20 (stall fee)
    Expense: ₹100 (posters)
    What is the profit (in ₹)?
19. 19.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
20. 20.📒 Income or expense: printing posters? (a) expense (b) income
21. 21.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) printing posters (d) a card order paid
22. 22.True or false: “printing posters” is an expense (money out). (a) False (b) True
23. 23.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
24. 24.📒 Income or expense: tutoring fees received? (a) expense (b) income
25. 25.Joseph’s income was ₹170 and the profit was ₹70. One expense was ₹40 (card paper). How much was the other expense, for transport (in ₹)?
26. 26.Rohan’s stall took in ₹310 on Friday, ₹330 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
27. 27.Zoya’s record for the day:
    Income: ₹280 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹130 (sugar)
    Expense: ₹60 (transport)
    What is the profit (in ₹)?
28. 28.Ananya’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹40 (paper cups)
    Expense: ₹100 (posters)
    How much is the loss (in ₹)?
29. 29.Nisha’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹150 (paper cups)
    Expense: ₹150 (transport)
    What is the profit (in ₹)?
30. 30.Joseph’s income was ₹450 and the profit was ₹400. One expense was ₹10 (paper cups). How much was the other expense, for lemons (in ₹)?
31. 31.Aarav’s income was ₹280 and the profit was ₹120. One expense was ₹80 (stall fee). How much was the other expense, for transport (in ₹)?
32. 32.📒 Income or expense: buying paper cups? (a) expense (b) income
33. 33.Riya’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹80 (lemons)
    Expense: ₹50 (sugar)
    How much is the loss (in ₹)?
34. 34.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) printing posters (d) cash from selling plants
35. 35.📒 Income or expense: cash from selling plants? (a) expense (b) income
36. 36.Kabir’s stall took in ₹300 on Friday, ₹300 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
37. 37.Tara’s income was ₹190 and the profit was ₹120. One expense was ₹10 (lemons). How much was the other expense, for paper cups (in ₹)?
38. 38.Kabir’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹110 (lemons)
    Expense: ₹110 (stall fee)
    How much is the loss (in ₹)?
39. 39.Farhan’s income was ₹290 and the profit was ₹70. One expense was ₹210 (lemons). How much was the other expense, for paper cups (in ₹)?
40. 40.Riya’s stall took in ₹350 on Friday, ₹150 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?

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