Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 17 · 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 stall took in ₹390 on Friday, ₹260 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
2. 2.True or false: “buying paper cups” is income (money in). (a) False (b) True
3. 3.Farhan’s income was ₹110 and the profit was ₹10. One expense was ₹90 (transport). How much was the other expense, for card paper (in ₹)?
4. 4.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
5. 5.Ananya’s income was ₹290 and the profit was ₹90. One expense was ₹20 (posters). How much was the other expense, for ribbon (in ₹)?
6. 6.📒 Income or expense: payment for a cake order? (a) income (b) expense
7. 7.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) no reason (d) to look busy
8. 8.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) buying lemons (d) cash from selling plants
9. 9.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) paying the stall fee (d) tutoring fees received
10. 10.➖ Profit in your records = (a) just the income (b) income + expenses (c) expenses − income (d) income − expenses
11. 11.Rohan’s stall took in ₹100 on Friday, ₹50 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
12. 12.📒 Income or expense: money from sales? (a) expense (b) income
13. 13.📒 Income or expense: a card order paid? (a) expense (b) income
14. 14.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) a card order paid (d) buying lemons
15. 15.Joseph’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹100 (lemons)
    Expense: ₹130 (transport)
    How much is the loss (in ₹)?
16. 16.Diya’s record for the day:
    Income: ₹390 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹30 (card paper)
    Expense: ₹80 (lemons)
    What is the profit (in ₹)?
17. 17.📒 Income or expense: bus fare to the market? (a) expense (b) income
18. 18.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) only the bag (d) nothing
19. 19.📒 Income or expense: buying paper cups? (a) income (b) expense
20. 20.📒 Income or expense: cash from selling plants? (a) income (b) expense
21. 21.Ishaan’s record for the day:
    Income: ₹360 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹190 (paper cups)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
22. 22.Farhan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹60 (lemons)
    Expense: ₹190 (sugar)
    What is the profit (in ₹)?
23. 23.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
24. 24.True or false: “buying lemons” is income (money in). (a) False (b) True
25. 25.Kavya’s record for the day:
    Income: ₹260 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹50 (stall fee)
    Expense: ₹50 (ribbon)
    What is the profit (in ₹)?
26. 26.📒 Income or expense: tutoring fees received? (a) income (b) expense
27. 27.Ishaan’s stall took in ₹120 on Friday, ₹50 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
28. 28.Nisha’s stall took in ₹310 on Friday, ₹240 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
29. 29.Vihaan’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹110 (stall fee)
    Expense: ₹150 (lemons)
    How much is the loss (in ₹)?
30. 30.Zoya’s stall took in ₹390 on Friday, ₹100 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
31. 31.Arjun’s income was ₹350 and the profit was ₹200. One expense was ₹70 (posters). How much was the other expense, for card paper (in ₹)?
32. 32.Tara’s stall took in ₹360 on Friday, ₹320 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
33. 33.Farhan’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹90 (posters)
    Expense: ₹90 (ribbon)
    How much is the loss (in ₹)?
34. 34.Gurpreet’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹90 (lemons)
    What is the profit (in ₹)?
35. 35.Nisha’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹30 (sugar)
    Expense: ₹200 (stall fee)
    How much is the loss (in ₹)?
36. 36.Diya’s stall took in ₹50 on Friday, ₹380 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
37. 37.Lakshmi’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹40 (ribbon)
    Expense: ₹20 (card paper)
    What is the profit (in ₹)?
38. 38.Nisha’s stall took in ₹180 on Friday, ₹370 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
39. 39.True or false: “paying the stall fee” is income (money in). (a) False (b) True
40. 40.Saanvi’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹20 (lemons)
    Expense: ₹70 (posters)
    What is the profit (in ₹)?

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids