Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 22 · 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.Ananya’s record for a rainy day:
   Income: ₹140 (sales)
   Expense: ₹10 (sugar)
   Expense: ₹210 (ribbon)
   How much is the loss (in ₹)?
2. 2.📒 Income or expense: a card order paid? (a) expense (b) income
3. 3.Aarav’s stall took in ₹370 on Friday, ₹170 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
4. 4.Arjun’s record for a rainy day:
   Income: ₹60 (sales)
   Expense: ₹10 (lemons)
   Expense: ₹90 (ribbon)
   How much is the loss (in ₹)?
5. 5.Rohan’s stall took in ₹220 on Friday, ₹280 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
6. 6.Farhan’s record for the day:
   Income: ₹310 (morning sales)
   Income: ₹110 (evening sales)
   Expense: ₹160 (paper cups)
   Expense: ₹20 (lemons)
   What is the profit (in ₹)?
7. 7.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
8. 8.Aarav’s record for a rainy day:
   Income: ₹80 (sales)
   Expense: ₹100 (lemons)
   Expense: ₹10 (sugar)
   How much is the loss (in ₹)?
9. 9.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
10. 10.True or false: “printing posters” is an expense (money out). (a) True (b) False
11. 11.Joseph’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹20 (ribbon)
    Expense: ₹190 (posters)
    What is the profit (in ₹)?
12. 12.True or false: “tutoring fees received” is income (money in). (a) True (b) False
13. 13.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) nothing (d) a selfie
14. 14.📅 When is the best time to update your records? (a) once a year (b) the same day (c) whenever you like (d) never
15. 15.Which of these is income (money in)? (a) paying the stall fee (b) printing posters (c) buying lemons (d) cash from selling plants
16. 16.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
17. 17.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
18. 18.Vihaan’s stall took in ₹160 on Friday, ₹120 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
19. 19.Kabir’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹360 (evening sales)
    Expense: ₹130 (stall fee)
    Expense: ₹180 (ribbon)
    What is the profit (in ₹)?
20. 20.True or false: “cash from selling plants” is income (money in). (a) True (b) False
21. 21.Vihaan’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹170 (card paper)
    Expense: ₹100 (paper cups)
    What is the profit (in ₹)?
22. 22.True or false: “payment for a cake order” is income (money in). (a) False (b) True
23. 23.Kabir’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹160 (posters)
    Expense: ₹80 (ribbon)
    What is the profit (in ₹)?
24. 24.Meera’s stall took in ₹150 on Friday, ₹50 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
25. 25.📒 Income or expense: buying paper cups? (a) expense (b) income
26. 26.Kabir’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹200 (posters)
    Expense: ₹170 (sugar)
    What is the profit (in ₹)?
27. 27.Diya’s record for the day:
    Income: ₹410 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹100 (ribbon)
    Expense: ₹40 (transport)
    What is the profit (in ₹)?
28. 28.True or false: “a card order paid” is an expense (money out). (a) True (b) False
29. 29.True or false: “buying lemons” is an expense (money out). (a) True (b) False
30. 30.Riya’s stall took in ₹70 on Friday, ₹390 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
31. 31.Riya’s income was ₹330 and the profit was ₹130. One expense was ₹150 (ribbon). How much was the other expense, for stall fee (in ₹)?
32. 32.Nisha’s stall took in ₹260 on Friday, ₹210 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
33. 33.Which of these is income (money in)? (a) buying lemons (b) buying paper cups (c) bus fare to the market (d) money from sales
34. 34.Arjun’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹270 (transport)
    Expense: ₹70 (ribbon)
    How much is the loss (in ₹)?
35. 35.Diya’s stall took in ₹130 on Friday, ₹370 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
36. 36.Which of these is income (money in)? (a) printing posters (b) bus fare to the market (c) paying the stall fee (d) payment for a cake order
37. 37.Arjun’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹60 (transport)
    Expense: ₹160 (sugar)
    How much is the loss (in ₹)?
38. 38.Ishaan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹190 (stall fee)
    Expense: ₹170 (paper cups)
    What is the profit (in ₹)?
39. 39.📒 Income or expense: money from sales? (a) expense (b) income
40. 40.Dev’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹130 (sugar)
    Expense: ₹90 (transport)
    What is the profit (in ₹)?

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