Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 193 · 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 ₹380 on Friday, ₹200 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
2. 2.Aarav’s record for the day:
   Income: ₹190 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹30 (posters)
   Expense: ₹140 (stall fee)
   What is the profit (in ₹)?
3. 3.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) expenses − income (d) just the income
4. 4.True or false: “cash from selling plants” is income (money in). (a) False (b) True
5. 5.Which of these is an expense (money out)? (a) tutoring fees received (b) payment for a cake order (c) bus fare to the market (d) money from sales
6. 6.📒 Income or expense: tutoring fees received? (a) income (b) expense
7. 7.Which of these is an expense (money out)? (a) a card order paid (b) payment for a cake order (c) cash from selling plants (d) paying the stall fee
8. 8.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) printing posters (d) money from sales
9. 9.Farhan’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹50 (lemons)
   Expense: ₹160 (paper cups)
   How much is the loss (in ₹)?
10. 10.Diya’s income was ₹290 and the profit was ₹130. One expense was ₹20 (posters). How much was the other expense, for stall fee (in ₹)?
11. 11.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to look busy (d) to know the real profit
12. 12.Which of these is an expense (money out)? (a) buying lemons (b) cash from selling plants (c) money from sales (d) tutoring fees received
13. 13.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
14. 14.Gurpreet’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹70 (transport)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
15. 15.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) the bill or receipt (d) only the bag
16. 16.Zoya’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹60 (stall fee)
    Expense: ₹100 (sugar)
    What is the profit (in ₹)?
17. 17.True or false: “printing posters” is an expense (money out). (a) False (b) True
18. 18.Ananya’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹90 (stall fee)
    Expense: ₹110 (card paper)
    How much is the loss (in ₹)?
19. 19.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
20. 20.📒 Income or expense: payment for a cake order? (a) income (b) expense
21. 21.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) cash from selling plants (d) buying lemons
22. 22.Lakshmi’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹100 (transport)
    How much is the loss (in ₹)?
23. 23.Kavya’s stall took in ₹340 on Friday, ₹320 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
24. 24.Dev’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹100 (sugar)
    Expense: ₹210 (lemons)
    How much is the loss (in ₹)?
25. 25.Aarav’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹90 (transport)
    How much is the loss (in ₹)?
26. 26.True or false: “buying lemons” is income (money in). (a) False (b) True
27. 27.Dev’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹70 (posters)
    Expense: ₹120 (lemons)
    How much is the loss (in ₹)?
28. 28.Ishaan’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹140 (lemons)
    Expense: ₹90 (ribbon)
    How much is the loss (in ₹)?
29. 29.Vihaan’s stall took in ₹250 on Friday, ₹180 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
30. 30.True or false: “a card order paid” is income (money in). (a) False (b) True
31. 31.Which of these is income (money in)? (a) buying paper cups (b) tutoring fees received (c) printing posters (d) buying lemons
32. 32.📒 Income or expense: bus fare to the market? (a) expense (b) income
33. 33.Which of these is income (money in)? (a) buying paper cups (b) bus fare to the market (c) a card order paid (d) printing posters
34. 34.Kabir’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹40 (posters)
    What is the profit (in ₹)?
35. 35.Diya’s stall took in ₹290 on Friday, ₹100 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
36. 36.True or false: “paying the stall fee” is income (money in). (a) False (b) True
37. 37.Aarav’s record for the day:
    Income: ₹520 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹170 (stall fee)
    Expense: ₹150 (sugar)
    What is the profit (in ₹)?
38. 38.Rohan’s income was ₹400 and the profit was ₹100. One expense was ₹150 (posters). How much was the other expense, for sugar (in ₹)?
39. 39.Kavya’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹90 (posters)
    Expense: ₹180 (sugar)
    How much is the loss (in ₹)?
40. 40.Zoya’s income was ₹360 and the profit was ₹20. One expense was ₹170 (card paper). How much was the other expense, for posters (in ₹)?

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