Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 152 · 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.Gurpreet’s record for the day:
   Income: ₹40 (morning sales)
   Income: ₹140 (evening sales)
   Expense: ₹80 (sugar)
   Expense: ₹30 (stall fee)
   What is the profit (in ₹)?
2. 2.Saanvi’s income was ₹180 and the profit was ₹10. One expense was ₹40 (card paper). How much was the other expense, for paper cups (in ₹)?
3. 3.True or false: “printing posters” is income (money in). (a) True (b) False
4. 4.Arjun’s income was ₹130 and the profit was ₹10. One expense was ₹60 (card paper). How much was the other expense, for paper cups (in ₹)?
5. 5.Rohan’s stall took in ₹310 on Friday, ₹320 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
6. 6.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
7. 7.Which of these is an expense (money out)? (a) tutoring fees received (b) paying the stall fee (c) money from sales (d) a card order paid
8. 8.Zoya’s income was ₹340 and the profit was ₹40. One expense was ₹180 (ribbon). How much was the other expense, for lemons (in ₹)?
9. 9.Riya’s record for a rainy day:
   Income: ₹240 (sales)
   Expense: ₹140 (card paper)
   Expense: ₹150 (lemons)
   How much is the loss (in ₹)?
10. 10.Aarav’s income was ₹120 and the profit was ₹10. One expense was ₹50 (lemons). How much was the other expense, for paper cups (in ₹)?
11. 11.📒 Income or expense: money from sales? (a) income (b) expense
12. 12.📒 Income or expense: paying the stall fee? (a) income (b) expense
13. 13.Arjun’s stall took in ₹310 on Friday, ₹180 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
14. 14.Saanvi’s stall took in ₹340 on Friday, ₹200 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
15. 15.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) a card order paid (d) buying paper cups
16. 16.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) nothing (d) the bill or receipt
17. 17.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) payment for a cake order (d) printing posters
18. 18.Arjun’s record for the day:
    Income: ₹360 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹190 (posters)
    Expense: ₹130 (transport)
    What is the profit (in ₹)?
19. 19.📒 Income or expense: a card order paid? (a) expense (b) income
20. 20.📅 When is the best time to update your records? (a) the same day (b) whenever you like (c) once a year (d) never
21. 21.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) income − expenses (d) just the income
22. 22.Lakshmi’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹50 (posters)
    Expense: ₹150 (lemons)
    How much is the loss (in ₹)?
23. 23.Ananya’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹90 (ribbon)
    Expense: ₹90 (stall fee)
    What is the profit (in ₹)?
24. 24.True or false: “a card order paid” is an expense (money out). (a) False (b) True
25. 25.Dev’s income was ₹170 and the profit was ₹60. One expense was ₹30 (paper cups). How much was the other expense, for card paper (in ₹)?
26. 26.Rohan’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹90 (ribbon)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
27. 27.Arjun’s income was ₹400 and the profit was ₹320. One expense was ₹40 (sugar). How much was the other expense, for paper cups (in ₹)?
28. 28.Saanvi’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹30 (stall fee)
    Expense: ₹250 (lemons)
    How much is the loss (in ₹)?
29. 29.True or false: “buying lemons” is an expense (money out). (a) False (b) True
30. 30.Nisha’s stall took in ₹170 on Friday, ₹150 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
31. 31.📒 Income or expense: buying paper cups? (a) income (b) expense
32. 32.Kavya’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹160 (paper cups)
    Expense: ₹30 (lemons)
    How much is the loss (in ₹)?
33. 33.True or false: “money from sales” is an expense (money out). (a) True (b) False
34. 34.True or false: “buying lemons” is income (money in). (a) False (b) True
35. 35.True or false: “tutoring fees received” is income (money in). (a) False (b) True
36. 36.Aarav’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹30 (ribbon)
    Expense: ₹160 (lemons)
    What is the profit (in ₹)?
37. 37.Diya’s stall took in ₹200 on Friday, ₹260 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
38. 38.Kabir’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹30 (sugar)
    Expense: ₹310 (transport)
    How much is the loss (in ₹)?
39. 39.Aarav’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹350 (evening sales)
    Expense: ₹50 (posters)
    Expense: ₹110 (transport)
    What is the profit (in ₹)?
40. 40.Rohan’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹100 (ribbon)
    Expense: ₹170 (card paper)
    What is the profit (in ₹)?

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